{"id":61078,"date":"2024-05-18T20:54:30","date_gmt":"2024-05-18T20:54:30","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/good-moment-for-foreign-investment-president"},"modified":"2024-05-18T21:00:17","modified_gmt":"2024-05-18T21:00:17","slug":"good-moment-for-foreign-investment-president","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/good-moment-for-foreign-investment-president","title":{"rendered":"\u2018Good moment\u2019 for foreign investment \u2013 president"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambique\u2019s President Filipe Nyusi said on Wednesday that despite the \u201cadverse context\u201d, the country received $2.2 billion (\u20ac2.031 billion) in investment intentions in 2023, attesting to the \u201cgood momentum\u201d in the face of \u201ccompetition\u201d from other countries.<\/p>\n

The head of state emphasised that this performance comes despite interest rates, which remain \u201cwell above the target set at 2%\u201d, damaging the \u201cfinancing of emerging economies\u201d.<\/p>\n

\u201cHowever, despite this adverse context, our country received $2.2bn in terms of investment intentions from the real sector in 2023, 44% more than in 2022. This is a reality that attests to the good momentum the country is going through in the face of competition between various countries in terms of attracting foreign savings,\u201d he said in his opening speech at the 19th Annual Private Sector Conference (CASP), which brings together dozens of national and foreign businesspeople in Maputo until Friday.<\/p>\n

\u201cIn order to achieve this dynamic, public investment in infrastructures that contribute to sectoral competitiveness has been crucial, and energy should be emphasised. Increasing electricity generation, expanding the network and improving transmission quality, including the diversification of generation sources, as well as universal access, which stands at 54.7%,\u201d added Nyusi.<\/p>\n

In the same speech, the president highlighted as \u201cone of the most structuring measures\u201d of the current government the implementation of the Loan Guarantee Fund, worth 4.4 billion meticais (\u20ac63.5 million), to \u201cfacilitate access to bank credit\u201d for small and medium-sized companies.<\/p>\n

\u201cThis measure comes at a good time, with inflation contained to single digits and after two rounds of relaxation of the MIMO reference rate [interest rate] by the monetary authorities,\u201d he said.<\/p>\n

He added that this new fund will contribute \u201cto reducing the credit risk premium and consequently the cost of financing\u201d.<\/p>\n

\u201cOn the other hand, it will focus on extending maturities to accommodate investment needs and fixed assets, such as equipment and buildings, which favour the creation of new companies and the expansion of existing units.\u201d<\/p>\n

In front of the entrepreneurs, he acknowledged the need to address their concerns, which \u201cdemand\u201d solutions, such as VAT refunds \u201cabove the established deadlines\u201d or \u201cthe payment of overdue invoices\u201d.<\/p>\n

Regarding the reversal of the measure that ended the VAT exemption on products such as oil, sugar and soap at the beginning of the year, Filipe Nyusi said that it requires \u201ccareful reflection\u201d so that \u201cprotectionism doesn\u2019t create comfort zones and the end consumer really benefits\u201d.<\/p>\n

According to the Confederation of Economic Associations of Mozambique (CTA), which is organising the 19th Annual Private Sector Conference in conjunction with the Mozambican government, the aim is to reflect \u201con the progress and challenges of the Package of Economic Acceleration Measures (PAE)\u201d and to \u201cdebate\u201d the conditions in the business environment in order to \u201cmake the country more competitive\u201d, with 80 foreign businesspeople attending.<\/p>\n

With the motto \u201cInvestment and Business in the Environment of Economic Acceleration Measures: Challenges and Opportunities\u201d, the XIX CASP expects more than 4,000 face-to-face and 20,000 virtual participants over three days, including national and foreign entrepreneurs and investors, financial institutions, cooperation partners, multilateral institutions and members of the government.<\/p>\n

\u201cMore than 40 national and foreign speakers have been confirmed and delegations from more than 12 countries, such as Mauritius, South Africa, Angola, Brazil, Portugal, the Netherlands, France, Italy, Zimbabwe, among others,\u201d says the CTA statement, adding that projects valued at around $1.2 billion (\u20ac1.112 billion) will be discussed.<\/p>\n

During CASP there will be bilateral sessions \u201cdedicated to dialogue and the promotion of partnerships and business with strategic Mozambican countries\u201d, to attract investment, namely with Brazil, Portugal, France (with a delegation of 14 companies from the energy sector) and the European Union.<\/p>\n

Facebook Post click here<\/a><\/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\u2019s President Filipe Nyusi said on Wednesday that despite the \u201cadverse context\u201d, the country received $2.2 billion (\u20ac2.031 billion) in investment intentions in 2023, attesting to the \u201cgood momentum\u201d in the face of \u201ccompetition\u201d from other countries. The head of state emphasised that this performance comes despite interest rates, which remain \u201cwell […]<\/p>\n","protected":false},"author":84,"featured_media":61077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,281,283],"class_list":["post-61078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\n\u2018Good moment\u2019 for foreign investment \u2013 president - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique\u2019s President Filipe Nyusi said on Wednesday that despite the \u201cadverse context\u201d, the country received $2.2 bill ...\" \/>\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\/good-moment-for-foreign-investment-president\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Good moment\u2019 for foreign investment \u2013 president\" \/>\n<meta property=\"og:description\" content=\"Mozambique\u2019s President Filipe Nyusi said on Wednesday that despite the \u201cadverse context\u201d, the country received $2.2 bill ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/good-moment-for-foreign-investment-president\" \/>\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=\"2024-05-18T20:54:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-18T21:00:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/05\/sm_1716049777.118288.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1120\" \/>\n\t<meta property=\"og:image:height\" content=\"746\" \/>\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=\"3 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\/good-moment-for-foreign-investment-president#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/good-moment-for-foreign-investment-president\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"\u2018Good moment\u2019 for foreign investment \u2013 president\",\"datePublished\":\"2024-05-18T20:54:30+00:00\",\"dateModified\":\"2024-05-18T21:00:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/good-moment-for-foreign-investment-president\"},\"wordCount\":612,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/good-moment-for-foreign-investment-president#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/05\/sm_1716049777.118288.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/good-moment-for-foreign-investment-president#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/good-moment-for-foreign-investment-president\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/good-moment-for-foreign-investment-president\",\"name\":\"\u2018Good moment\u2019 for foreign investment \u2013 president - 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