NO LONGER RISKY TO INVEST IN MOZAMBIQUE, PRESIDENT SAYS

BEIJING– Mozambican President Filipe Nyusi has assured Chinese business people that investing in Mozambique is no longer a risk.

Speaking at the Mozambique-China Business Forum in Beijing on Sunday, Nyusi added that Mozambique is importing grain, automobiles, petroleum, cement and machinery from China and in some cases Chinese companies have opted to assemble their goods in Mozambique.

China, he stressed, had become one of the major investors in Mozambique. From 2013 to the first half of this year, 149 Chinese investment projects were approved for a total of 751 million US dollars of foreign direct investment (FDI), and capable of creating about 20,000 jobs.

Co-operation between the two countries is now a reality, declared Nyusi. Nobody can knock down a tree that has been planted with love. It sets down roots. The tree planted with love is the true friendship between Mozambique and China. he said.

About 350 business people attended the event, of whom only 39 were Mozambicans, part of the delegation Nyusi has brought with him to Beijing to attend the 3rd Summit of the Forum on China-Africa Co-operation (FOCAC), which began on Monday.

Mozambique, Nyusi said, had not come to Beijing as just another country participating in FOCAC. “We came to offer and to provide opportunities so that, together with Chinese and African brothers, we can speed up the development of Mozambique, he added.

In Mozambican tourism, agriculture, agro-industry, mining, energy and infrastructures, China is always present. China is the largest investor in the hotel industry and is also in aquaculture and fisheries where the volumes of production have been growing every year, he said.

He declared that Mozambique is known internationally for producing the best prawns in the world. In 2017, it exported 5,800 tonnes of prawns and 4,900 tonnes of assorted fish, including tuna. We have Japanese, South Korean, Greek, French, Spanish and South African companies operating in fishing or aquaculture, in partnership with Mozambican companies,” the President said.

Before the opening of the Forum, Nyusi met representatives of 11 Chinese companies, including some which are already operating in Mozambique and others which want to begin operations in the country. They included the China Road and Bridge Corporation (CRBC), which is building the suspension bridge over the Bay of Maputo.

Mozambican public companies and institutions on Sunday signed six memorandums of understanding (MoUs) with Chinese partners.

Source: NAM NEWS NETWORK