Mozambique to relax investment procedures – President

German Mozambique Filipe Nyusi Angel Merkel

President Filipe Nyusi of Mozambique has said that his government is determined to remove all barriers that hinder the implementation of economic projects.

According to state-controlled Radio Mozambique, the Mozambican leader was addressing a Mozambique-Germany Business Forum in Berlin at the end of his Tour of Germany late on Thursday.

“We are determined to remove all bureaucratic and procedural obstacles that hold up economic projects and make them more expensive and this means my will remove all barriers that hinder the implementation of economic projects,” Nyusi said.

Nyusi said he is convinced that the presence of more German investors in Mozambique, and their interaction with Mozambican enterprises, will create jobs and help develop human capital, which are among the government’s top priorities.

Nyusi noted he was encouraged by the strength of the German economy which seemed “unshakeable” since it was now “one of the three largest global exporters, has the highest per capita growth rate in the developed world, and an unemployment rate much lower than the average in the Euro Zone”.

He added that Mozambique is seeking “quality investments” from Germany which can galvanise the efforts to increase Mozambican productivity and the competitiveness of the economy.

The strategic objectives of the government’s economic policy, Nyusi said, are to modernize agriculture, produce more and better quality food, supply raw materials to local industry and diversify and increase exports.

The Mozambican leader is expected to arrive in the Belgian capital Brussels on Friday.

Source: StarAfrica