Mozambique wants to attract capital for cabotage

9 March 2016

The government of Mozambique is preparing the legal and regulatory framework to attract the private sector to invest in cabotage, said the Minister of Transport and Communications, Carlos Mesquita.

The minister noted some of the advantages of cabotage such as reduction of freight prices and consequent lower product prices at the destination, as well maintaining national cohesion, through the north-south connection, which is currently only provided by road .

Mesquita, cited by Mozambican daily newspaper Notícias, said that another of the advantages of cabotage was increased productivity, as producers will now have easier access to potential markets.

The minister, who was speaking at a business meeting between Mozambique and Canada, said that “if all goes well, by the end of March we will be able to present a document for assessment and approval to the Council of Ministers.”

Cabotage is shipping along the coast, specifically between ports in the same country. (macauhub/MZ)