2 July 2014

Mozambique: President Armando Guebuza Calls for Portuguese Investors

Maputo — The President of Mozambique, Armando Guebuza, invited Portuguese businessmen to invest in Mozambique, because it is a country, he said, where there is no contradiction between large and small projects.

Opening the Mozambique/Portugal business seminar organized during his state visit to Portugal, Guebuza said Mozambique is a country where hydrocarbon discoveries have contributed to the improvement of the business environment and attracted investment. In 2007, according to Guebuza, Mozambique's government created the Special Economic Zones and Free Zones to welcome anchor investment projects, creating jobs and improving economic and social development of the country.

"Mozambique is no longer just a land of hopes and dreams, so I call Portuguese entrepreneurs to give their contribution establishing business partnerships in an environment of mutual respect and respect for Mozambican legal environment", said Guebuza.

For Guebuza, business environment in the country is favorable due to macro-economic stability and an average 7% growth that the country has been experiencing for nearly 15 years.

Portuguese Prime Minister, Passos Coelho, reiterated that business relations between Portugal and Mozambique are up, advancing that in 2013, portuguese direct investment in Mozambique represented EUR 130 million, and the creation of 10 000 new jobs.

According to the Portuguese Prime Minister, Pedro Passos Coelho, the disbursement of EUR 134 million to finance business cooperation shows that Portugal wish to sensitize the international community to choose Mozambique as an investment destination.

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