Edition 1279
26 July 2014
Edition: 1279

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Mozambique still has lots to give, says Economy Minister

in Money · 05-09-2013 11:10:00 · 0 Comments

Portugal’s Economy Minister has said that Mozambique still offers “huge potential for growth” that Portugal should tap in to, in the next few years.

Mozambique still has lots to give, says Economy Minister

“It is good for us to see that, despite the growth we have had in recent years, there is still an enormous potential for growth to take advantage of over the next few years. The glass is half full, and that is good”, Minister António Pires de Lima told the press as he left a seminar on internationalisation in Mozambique’s capital Maputo.
Adding that “Portugal needs to explore these opportunities”, the Minister described Mozambique as “a country that welcomes us well, it has a very positive attitude with regards to Portuguese investment, to the presence of Portuguese companies and there is a relationship that is facilitated by easy communication in Portuguese.”
However, the Minister highlighted some restrictions that Mozambique imposes on foreign workers: “In some investment projects relating to technology or other very specific areas, it is a conditioning factor that should be overcome with some imagination and cooperation with Mozambican authorities”, Pires de Lima added.
Portugal’s Economy Minister recalled that Portuguese exports to Mozambique grew by ten percent during the first half of 2013, and that the number of Mozambican companies exporting to Portugal doubled from 1,316 in 2008, to 2,675 last year.
“We are making very positive, sustainable progress and I prefer this path that companies are making, of solid and safe investment, than proposing an atmosphere of euphoria that could end up in deception”, he concluded.

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Edition 1279
26 July 2014
Edition: 1279

Read this week's issue online exactly as it appears in print.

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