The Mozambican leader, President Filipe Nyusi and his Portuguese counterpart, Anibal Cavaco Silva, have stressed the common desire of the two countries to develop mutually advantageous cooperation, APA learns here Saturday.

Nyusi, who is on a state visit to Portugal, which is his first trip outside of Africa since he was sworn into office in January stressed that Mozambique will continue to improve its economic cooperation with Portugal. He made the remarks after his meeting with his President Cavaco Silva in Lisbon.

President Nyusi said he had given the signal that the Mozambican and Portuguese economies can go forward hand in hand.

Portugal is the fourth largest investor in Mozambique. According to data from the Mozambican government’s Investment Promotion Centre (CPI), in the 2013-2014 period Portuguese investment in the country doubled from 167 million to 338 million US dollars.

Portuguese companies occupy major positions in the Mozambican building industry, services, banks and, more recently, agro-business. Portuguese banks remain the major shareholders in the two of the eight largest Mozambican commercial banks; the International Bank of Mozambique and the Commercial and Investment Bank.


fonte: Star Africa | AICEP