Mozambican government creates Investment Council

4 October 2010

Nampula, Mozambique, 4 Oct – The Mozambican government has created the Investment Council, a body for consultation and coordination of policies on a Council of Ministers level focused on promoting and attracting investments, the Minister for Planning and Development said in Nampula.

At the closing session of the Conference on Development of the Nacala Special Economic Zone (ZEE), which has been underway since last Thursday in Nacala, in Mozambique’s Nampula province, Aiuba Cuereneia said that the Council of Investments, whose members will be instated in the next few days, have the responsibility, amongst others, of coordinating the activities of the various bodies that make up the State with a view to creating the conditions needed to carry out investments in the country.

Cuereneia invited the Office for Accelerated Development of the Economic Zones (Gazeda) and the delegation of the nacala Special economic zone to put forward a mechanism for consultation and coordination to ensure the resolution of day to day problems.

According to state newspaper Notícias, the Nacala Special economic Zone is a success in terms of the planned actions already showing results, which is the result of inter-institutional coordination focusing on more than the current 14 projects being attracted to the region, thus contributing to a rise in the number of available jobs. (macauhub)