Mozambican agency signs agreements to promote airports and stock exchange

7 September 2017

The Mozambican Investment and Export Promotion Agency (Apiex) will promote the projects of airport manager Aeroportos de Moçambique (ADM) and provide information to national and foreign investors on capital market products, under two memorandums of understanding signed in Maputo.

The first memorandum was signed on Tuesday with ADM and the second one was signed on Wednesday with the Mozambique Stock Exchange (BVM), according to Mozambican daily newspaper Notícias.

Lourenço Sambo said that the signing of these two memoranda is part of the objectives for the recent creation of Apiex, which resulted from the merger of three institutions, namely the Investment Promotion Centre (CPI), the Office of Economic Accelerated Development Zones (Gazeda) and the Institute for Export Promotion (Ipex).

“We promote all sectors of the national economy and for the specific case of airports it is important to find strategic partners for the management of real estate as well as tourism areas,” said the director general of Apiex.

Sambo added that there is land in the areas surrounding the airports that is available for investment and is expected to generate more revenue sources in order to balance the accounts of state-owned ADM.

The memorandum signed with the Mozambique Stock Exchange intends to coordinate the institutions for continuous improvement of the business environment and for development of the capital market in general and of BVM in particular.

The aim of the agreement is also to train the human resources of BVM and Apiex in investments and procedures for the export of goods and/or services by national companies, as well as in capital markets. (macauhub)