Africa-Press – Rwanda. Mozambican President Filipe Nyusi defended Monday that the country is in a position to become an “economic force” on the African continent and in the world, and should capitalize on the potential it has in various sectors and promote internationalization.
“We must compete, through the constant search for higher levels of value creation [in production], bringing quality and selling the Mozambique brand well, as an economic force in the region and in the world”, stated Nyusi.
The Mozambican head of state was speaking during the opening speech of the 57th edition of the Maputo International Fair (Facim), which started today in Marracuene district, Maputo province.
According to Filipe Nyusi, the availability of arable land, hydrographic basins, access to the sea, weather conditions for tourism, mineral and hydrocarbon resources put the African country in a privileged position to achieve “food autonomy and industrial sovereignty”.
“Our intention is to take the leap towards economic autonomy”, emphasized Filipe Nyusi.
For the country’s economic affirmation, he continued, national companies must focus on internationalization, conquering the Southern African market and other parts of the world.
This objective will be achieved through quality production and based on the export of finished products with added value, instead of concentrating exports on raw materials.
Filipe Nyusi pointed out that strengthening the national production base is important for reducing the imbalance of the external account, characterized by a greater weight of imports compared to exports.
In this perspective, Nyusi emphasized that the Mozambican economy has been showing signs of recovery in relation to the slowdown caused by the covid-19 pandemic, in the last two years.
“Our economy shows a trend of sustained recovery that started in the period after the slowdown of the Covid-19 pandemic, having accelerated to 4.14% in the first quarter of the current year, above the expected annual average”, he highlighted quoted by Lusa.
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