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“Mozambique Should Be Considered As a Preferred Investment Destination” – Nyusi

“Mozambique Should Be Considered As a Preferred Investment Destination” – Nyusi

The Mozambican President, Filipe Nyusi, argued this Thursday, 16 May, at the Africa CEO Forum in Kigali, that Mozambique should be seen internationally as ‘preferential’ for investment, given its potential.

‘The discussions with these partners emphasised the need to see Mozambique as a preferred country for investment, taking advantage of the existing potential in various sectors, and a commitment to continue supporting our economic and social development,’ said Filipe Nyusi, who has been visiting Rwanda since Wednesday (15).

According to Lusa, in Kigali, the head of state was received by his Rwandan counterpart, Paul Kagame, and also met with the president of the Arab African Development Bank (BADEA), Sidi Ould Tah, and the director of the International Finance Corporation (IFC).

During the event, the Rwandan President and host of the Africa CEO Forum argued that ‘the more united the African continent is, the more productive engagement with partners will be. Integration, for the African business community, is an opportunity to grow our markets and become more competitive. Africa doesn’t have to ask for a seat at the table’.

At the forum, the Mozambican President moderated a panel on ‘Investing in Mozambican’.

Filipe Nyusi’s visit to Kigali ends today, Friday (17), and comes at a time when Rwanda has admitted the possibility of reinforcing the current military contingent of more than 2,000 men in Cabo Delgado, in northern Mozambique, in view of the ongoing withdrawal, scheduled until July, of the Southern African Development Community (SADC) mission, which is also supporting the fight against armed insurgency in that province.

Asked in April about Rwanda’s availability, Nyusi declined to give details. ‘We’re not going to explain how we’re going to work there,’ he said on 18 April, guaranteeing only that Mozambique is in the process of training the national Defence and Security Forces, while ‘humanitarian assistance and the reconstruction of those destroyed areas’ are underway.

Cabo Delgado province has been facing an armed insurgency for seven years, with some attacks claimed by the extremist group Islamic State, which has led to a military response since July 2021, with support from Rwanda and SADC, liberating districts near gas projects.


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