Angola Diplomacy Economy FDI Government Industry industry and commerce Mozambique

Mozambique leader on business charm offensive in Angola

Mozambique’s new President, Filipe Nyusi has arrived in the Angolan capital, Luanda for a five-day working visit which would be characterized by talks with his counterpart, Jose Eduardo dos Santos on more business collaborations between the two Portuguese-speaking countries.
The areas of interest between Mozambique and Angola include energy, construction, tourism, communications, industry and commerce and services.

A statement from the President’s Office in Maputo confirmed that Nyusi at the head of a high powered government left for Angola on Sunday accompanied by his wife, Isaura and Foreign Minister, Oldemiro Baloi.

During his visit, President Nyusi is expected to, among other things attend celebrations marking Angola’s 40 years of independence, a business forum and meetings with that country’s authorities and business people.

President Nyusi’s trip to Angola is informed by that country’s pedigree in mining and oil exploration.

Angola has accumulated vast knowledge of the exploration and exploitation of its oil reserves, including invaluable insights into public participation and taxation of the industry which it can make available to Mozambique as a potential ‘player’ in the natural gas area, the statement said.

Beyond minerals and energy resources, Presidents Nyusi and dos Santos are looking to revive cooperation in sectors such as agriculture, tourism and fisheries, where the two countries share great potential.

At the moment, the economic relations between Mozambique and Angola are rudimentary, with trade between the two countries a mere $ 4.8 million in 2014, having fallen about 30 percent from the previous year.

Source: APA

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