{"id":52631,"date":"2023-12-22T19:54:42","date_gmt":"2023-12-22T19:54:42","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/solid-base-to-grow-as-competitive-country"},"modified":"2023-12-22T20:34:03","modified_gmt":"2023-12-22T20:34:03","slug":"solid-base-to-grow-as-competitive-country","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/solid-base-to-grow-as-competitive-country","title":{"rendered":"Solid base to grow as competitive country"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>Mozambique\u2019s president on Wednesday classified the State of the Nation as optimistic, considering that the country has created solid foundations to grow as a competitive, sustainable and inclusive country.<\/p>\n<p>\u201cMozambique has created foundations to grow in the coming years as a competitive, sustainable and inclusive state,\u201d the president said during his annual State of the Nation address to parliament.<\/p>\n<p>In a session marked by protests from the main opposition party during the head of state\u2019s speech, Filipe Nyusi acknowledged that the country still faces several challenges, highlighting the challenges of the international economic climate and the war against terrorism in Cabo Delgado.<\/p>\n<p>\u201cThis trend [of economic growth] will be driven by the strength of the extractive industry (&#8230;), the capacity building of road corridors, road and air mobility, the development of tourism, the gains of the sustain [agrarian] programme and the attraction of productive investments in industry and fishing,\u201d he added.<\/p>\n<p>Nyusi reiterated that the year would end with the economy registering growth of 5%, despite the international situation, with restrictive monetary policies in the face of inflationary pressure caused by the energy crisis \u201cIn terms of the most recent sectoral dynamics, with regard to the growth of the Gross Domestic Product in the third quarter, the impetus given by the extractive industry stands out, with a variation of 43%, while a GDP structure dominated by agriculture and related activities also prevails,\u201d added the Mozambican head of state.<\/p>\n<p>\u201cThe current account balance stood at a deficit of \u20ac116 million, influenced by imports of cereals, energy products, cushioned by exports of gas, coal, electricity and others,\u201d he said.<\/p>\n<p>In the field of security, after six years of fighting terrorism by groups associated with the Islamic State in Cabo Delgado, Filipe Nyusi highlighted the progress made in the operational theatre, noting the death of the group\u2019s leader, Ibin Omar [Bonomade Machude, also known as Abu Suraka].<\/p>\n<p>This year\u2019s report session was marked by protests from Renamo, the main opposition force, which booed and momentarily interrupted the Mozambican head of state\u2019s speech during the annual State of the Nation Address in parliament.<\/p>\n<p>Dressed in black T-shirts, written in repudiation of what they classify as mega-fraud in the local elections on 11 October, the deputies from the main opposition party turned their backs on the head of state when the president of parliament, Esperanc\u0327a Bias, called on him to give his report.<\/p>\n<p>With hymns exalting their party, shouts and chants, the Renamo deputies booed Filipe Nyusi, demanding that the \u201celectoral truth\u201d be restored and calling the ruling Mozambique Liberation Front (Frelimo) \u201cthieves\u201d.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. Mozambique\u2019s president on Wednesday classified the State of the Nation as optimistic, considering that the country has created solid foundations to grow as a competitive, sustainable and inclusive country. \u201cMozambique has created foundations to grow in the coming years as a competitive, sustainable and inclusive state,\u201d the president said during his annual [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":52630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12],"tags":[233,281,283],"class_list":["post-52631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Solid base to grow as competitive country - 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