Mozambique’s participation in FOCAC was positive, says President Filipe Nyusi

5 September 2018

Mozambique’s participation in the third summit meeting of the Forum on China-Africa Cooperation (FOCAC) was “very positive,” Mozambican President Filipe Nyusi said on Tuesday in Beijing, according to Mozambican news agency AIM.

Nyusi, in a final assessment of Mozambique’s participation in this two-day event that ended Tuesday, said that on a bilateral level Mozambique had benefited from a pardon of interest free debt maturing in late 2018.

AIM added that Nyusi did not specify the amount of the debt nor in what year it had been taken on.

Another gain, said the Head of State, was that the country received a donation of 140 million yuan (about US$20 million), with 100 million yuan to be applied in development projects and the remaining 40 million in the form of a rice donation.

Nyusi also noted the signing, on Saturday, by the delegations of Mozambique and China, of three bilateral cooperation instruments, technical assistance memoranda for capacity building, plant health and structuring of cooperation under the “Belt and Road,” initiative.

The Minister of Foreign Affairs and Cooperation, José Pacheco, said that the three documents have a permanent validity and can be revised at any meeting of the Joint Commission, with the plant health memorandum allowing Mozambican products of plant origin to enter the Chinese market .

The President of the Republic said Mozambican entrepreneurs who travelled to China had signed six memoranda of understanding, including the Millennium bim bank, which signed an agreement with Fosun International, a company that operates in the area of finance, insurance, tourism and health, as well as Mozambican public mobile phone company, Mcel, which signed a memorandum with the Huawei group.

The Mozambican Agency for Investment and Export Promotion (Apiex) reached an agreement for the promotion of industrial parks in Mozambique and the National Road Administration, under the supervision of the Ministry of Public Works, Housing and Water Resources of Mozambique, signed three agreements, AIM reported.

The agency also reported that the President of China, Xi Jinping, said his country is ready to help Mozambique accelerate the industrialisation and modernization of agriculture so that the country can achieve sustainable development. (macauhub)