What You Need to Know
Mozambique and Italy have signed an agreement aimed at fostering new avenues for trade and development between small and medium-sized enterprises in both nations. This agreement was made during the official visit of Mozambican President Daniel Chapo to Rome, where he presented investment opportunities to Italian business leaders.
Africa. Mozambique and Italy have signed an agreement aimed at opening new horizons for trade and development between small and medium-sized enterprises in both countries. The agreement was made during the official visit of Mozambican President Daniel Chapo to Rome.
According to a statement from the Mozambican Institute for the Promotion of Small and Medium Enterprises, the agreement will allow technical teams from both institutions to work directly on establishing mechanisms that facilitate business exchanges and expand commercial opportunities between Mozambique and Italy, at a time when Maputo is seeking to attract foreign investments to support its industrial development plans.
During his participation in a business roundtable in the Italian capital, President Chapo presented a range of investment opportunities in strategic sectors to Italian business leaders, emphasizing the reforms his government is implementing “to make Mozambique more competitive and attractive.”
Chapo confirmed that his country aims to establish strong and sustainable partnerships capable of accelerating economic growth and achieving greater prosperity for the Mozambican people.
The Mozambican president’s three-day visit included high-level meetings with Italian President Sergio Mattarella and Prime Minister Giorgia Meloni, where both sides discussed new areas of cooperation and ways to enhance bilateral relations.
Mozambique and Italy have a history of diplomatic relations that dates back several decades, with both countries seeking to enhance their economic ties. The recent agreement reflects a growing interest in fostering collaboration between small and medium-sized enterprises, which are crucial for economic development. This partnership aims to leverage Italy’s experience in industrial development to support Mozambique’s economic growth and attract foreign investment.
