Angola and Mozambique sign investment promotion agreement

10 November 2015

Angola and Mozambique signed a promotion and investment protection agreement and a memorandum of understanding for cooperation in the field of industry Monday in Luanda as part of the official visit of the President of Mozambique.

The agreement was signed by the foreign ministers of Angola, Georges Chikoti and of Foreign Affairs and Cooperation of Mozambique, Oldemiro Balói, while the second was also signed by Oldemiro Balói and the Angolan Industry Minister, Bernarda Gonçalves Martins Henriques da Silva.

After the ceremony, the Minister of Foreign Affairs of Angola, Georges Chikoti stressed the importance of relations between the two countries, which had resulted in signing 22 agreements and a memorandum of understanding in addition to the one signed Monday.

“The number of signed agreements indicates that there are good intentions between Angola and Mozambique, although little has been done, but there is great potential, particularly in tourism, finance, trade, education, oil and gas,” he said, cited by Angolan news agency Angop.

Georges Chikoti announced that in the near future an agreement would be signed to introduce facilities in granting ordinary visas, which will join the existing suppression of visas for diplomatic and service passports.

In the meeting between the Presidents of Angola and Mozambique, José Eduardo dos Santos called for the two countries to deepen their bilateral relationship, particularly in the area of business, involving both the public and the private sector.

“We are confident that this visit will give new impetus to the faster implementation of existing cooperation instruments and completion of projects of cooperation agreements that are still being studied,” said the President of Angola. (macauhub/AO/MZ)