President Armando Guebuza invites Chinese businesspeople to invest in Mozambique

15 August 2011

Maputo, Mozambique, 15 Aug – The President of Mozambique made use of his official visit to China to invite Chinese businesspeople to invest in Mozambique in sectors as diverse as agriculture, agri-industry and tourism, according to state daily newspaper Notícias.

The challenge was set at the opening of the seminar on economic and trade cooperation between the two countries, held in Henan province, during which government officials and economic agents presented the business opportunities that Mozambique has to offer and where areas of investment were identified and potential partnerships were explored.

Guebuza said that the government had introduced legal and institutional reforms which, in their turn, had led to the approval of a new more flexible Labour Law, a new Commercial Code and a Tax Benefit Code for investments, as well as regulations for licensing companies.

At the seminar on economic and trade cooperation between the two countries two agreements were signed, the first of which between the Housing Fund and the Henan Guoji company, which outlines the funding and construction of 10,000 houses, 5,000 of which in the Intaca neighbourhood, in Matola municipality and the remainder in other regions of the country to be named this year.

An agreement was also signed between the Centre for Promotion of Investment and the Henan province Institute for Trade and Investment, outlining the exchange of information on business missions and to promote common trade and investment. (macauhub)