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EU explores investment opportunities in Mozambique

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Maputo Skyline. Image credit: Wikimedia

EU explores investment opportunities in Mozambique

The European Union’s (EU’s) Global Gateway Investment Forum is in Mozambique’s capital Maputo today and tomorrow to look into the potential and investment opportunities that Mozambique has to offer.     

The EU’s Energy Commissioner Kadri Simson will be present at the forum as well as Mozambican and European policy makers, public sector agencies, EU Member States embassies, business associations, financial institutions, investors, and development partners.

Launched initially in September, during the 58th edition of Mozambique International Trade Fair (FACIM), the 22-23 November event is a joint effort by the Government of Mozambique, represented by the Ministry of Industry and Trade, the Delegation of the European Union in Mozambique, and EuroCam (Association of European Chambers of Commerce)  to explore ways of attracting quality investments within the framework of the Global Gateway Strategy, and to diversify trade between Mozambique and the European market.

A pivotal moment (EU explores investment opportunities in Mozambique)

Mozambique’s Minister of Industry and Commerce Silvino Augusto José Moreno and EU Ambassador to the country Antonino Maggiore emphasised the significance of the forum as a pivotal moment for both public and private sectors to assess Mozambique’s numerous investment and trade prospects.

The nation’s natural resources, spanning from energy, mining, agri-business, sea and inland tourism, forestry, and fishing, coupled with its strategic territorial sea access, offer significant advantages in other fields such as transport and logistics.

Furthermore, the forum will advocate for value addition to products bearing the label “Made in Mozambique” through integrated industrialisation efforts.

The forum’s 14 discussion panels will cover vital sectors such as industrialisation, energy transition, agriculture, the blue economy, tourism, transport and logistics, and digital connectivity.

The key objectives (EU explores investment opportunities in Mozambique)

Key objectives of the Forum:

  • To highlight Mozambique’s investment potential for local and EU investors and showcase its export capabilities within the framework of EU trade agreements
  • To establish connections among key economic sectors promoted by Team Europe through the Global Gateway investment package and explore funding avenues
  • To provide European investors with in-depth insights into Mozambique’s wider business climate and ongoing reforms in the industry
  • To enable B2B and B2G interactions between local and EU entrepreneurs, explore financially viable investment projects
  • To showcase private and public sector current initiatives through an interactive exhibition.

Global Gateway is Europe’s offer for connecting the world with investments and partnerships. Globally, EU investment plays a pivotal role in fostering partner countries’ economic growth, creating opportunities for local businesses, enhancing the business landscape, and forging mutually beneficial economic collaborations.

In Africa, the first deliverable of Global Gateway is the €150 billion Africa-Europe Investment Package, focused on supporting the continent for a strong, inclusive, green and digital recovery and transformation by accelerating the green transition, the digital transition, sustainable growth and decent job creation, strengthening health systems, and improving education and training

Global Gateway advocates for sustainable and dependable connections that prioritise people and the planet. The core aim of Global Gateway is to implement initiatives with a transformative impact.

Further information and comprehensive insights into the event’s agenda and featured speakers on www.mozambique-eu-GGIF.com.

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EU explores investment opportunities in Mozambique

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 EU explores investment opportunities in Mozambique

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