{"id":46370,"date":"2023-09-09T21:05:58","date_gmt":"2023-09-09T21:05:58","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-approved-742-investment-projects-worth-6-2b-in-last-two-years"},"modified":"2023-09-09T23:23:57","modified_gmt":"2023-09-09T23:23:57","slug":"state-approved-742-investment-projects-worth-6-2b-in-last-two-years","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-approved-742-investment-projects-worth-6-2b-in-last-two-years","title":{"rendered":"State approved 742 investment projects worth $6.2B, in last two years"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambique has approved 742 investment projects valued at $6.2 billion in the last two years, the minister of industry and trade revealed on Monday, admitting, however, that reforms are needed to improve the business environment.<\/p>\n

\u201cIt is necessary to continue to make reforms in order to simplify procedures, reduce the time and cost of the approval processes for projects to licence economic activities, create conditions for the implementation of industrial infrastructure projects and promote the addition of value to national raw materials,\u201d said Minister Silvino Moreno, at the opening of the ministry\u2019s 21st coordinating council, in Marracuene, on the outskirts of Maputo.<\/p>\n

The minister recalled that in the current legislature, the country now has a new Private Investment Law, \u201cmore attractive, modern and suited to global challenges\u201d, and that a new Micro, Small and Medium Enterprises Law is being prepared, as well as legislation for the organisation of commercial activity, an integrated agricultural marketing plan, the revision of licensing regulations for industrial and commercial activity and the drafting of a mechanism for improving the country\u2019s business environment.<\/p>\n

The transformation of the National Inspection of Economic Activities (INAE) \u201cinto the Economic Activities Inspection Authority, in order to make it more effective\u201d will also go ahead, he said.<\/p>\n

In his speech, Minister Silvino Moreno also said that \u201c92,452 companies have been licensed in the last two years through the e-BAU [One-Stop-Shop] platform, of which 2,026 are new industries\u201d.<\/p>\n

\u201cDuring this period, 742 new projects were also approved, with an investment value of around $6.2 billion. These figures should lead to an increase in industrial production in the country, targeting both the domestic market and the international market, and consequently contribute to improving the trade balance,\u201d he emphasised.<\/p>\n

On the other hand, the minister of industry and trade recognised the continued decline in the weight of manufacturing in Mozambique\u2019s Gross Domestic Product (GDP).<\/p>\n

\u201cFrom 7.8% in 2020 to 7.4% of GDP in 2022. This percentage is still below the target we have set ourselves for 2024, which is 9%,\u201d he said.<\/p>\n

According to Silvino Moreno, the mapping of industrial activities in Mozambique is also underway: \u201cso that we can have information on the profile of the national industrial park, in quantitative and qualitative terms, as well as the characteristics of national production\u201d.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Mozambique has approved 742 investment projects valued at $6.2 billion in the last two years, the minister of industry and trade revealed on Monday, admitting, however, that reforms are needed to improve the business environment. \u201cIt is necessary to continue to make reforms in order to simplify procedures, reduce the time and […]<\/p>\n","protected":false},"author":84,"featured_media":46369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-46370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nState approved 742 investment projects worth $6.2B, in last two years - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique has approved 742 investment projects valued at $6.2 billion in the last two years, the minister of industry a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-approved-742-investment-projects-worth-6-2b-in-last-two-years\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State approved 742 investment projects worth $6.2B, in last two years\" \/>\n<meta property=\"og:description\" content=\"Mozambique has approved 742 investment projects valued at $6.2 billion in the last two years, the minister of industry a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-approved-742-investment-projects-worth-6-2b-in-last-two-years\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-09T21:05:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-09T23:23:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/09\/sm_1694284257.618122.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-approved-742-investment-projects-worth-6-2b-in-last-two-years#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-approved-742-investment-projects-worth-6-2b-in-last-two-years\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"State approved 742 investment projects worth $6.2B, in last two years\",\"datePublished\":\"2023-09-09T21:05:58+00:00\",\"dateModified\":\"2023-09-09T23:23:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-approved-742-investment-projects-worth-6-2b-in-last-two-years\"},\"wordCount\":392,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-approved-742-investment-projects-worth-6-2b-in-last-two-years#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/09\/sm_1694284257.618122.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-approved-742-investment-projects-worth-6-2b-in-last-two-years#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-approved-742-investment-projects-worth-6-2b-in-last-two-years\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-approved-742-investment-projects-worth-6-2b-in-last-two-years\",\"name\":\"State approved 742 investment projects worth $6.2B, in last two years - 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