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During an investment promotional event in Hubei Province, China, Mozambican Prime Minister Adriano Maleiane expressed his aspiration to deepen economic and trade cooperation with China. He highlighted Mozambique’s economic strengths and called for increased collaboration in sectors such as agriculture, tourism, energy, and infrastructure development to support the country’s economic diversification.

Mozambican Prime Minister Adriano Maleiane (2nd L) visits Huaxin Cement Co., Ltd. in Wuhan, central China's Hubei Province
Mozambican Prime Minister Adriano Maleiane (2nd L) visits Huaxin Cement Co., Ltd. in Wuhan, central China’s Hubei Province

Over 50 Mozambican officials and business representatives participated in the event. China has emerged as one of Mozambique’s top 10 foreign investors, having undertaken 166 approved projects in the nation between 2017 and 2022. These initiatives have generated more than 19,000 jobs and an overall investment value exceeding $1 billion. Of this total, over $700 million represents direct investment, according to Mozambican Industry and Commerce Minister Silvino Moreno, who shared this data at the event.

The majority of Chinese investment in Mozambique has been directed towards the industrial sector, followed by construction and services. However, Mozambique now seeks to attract Chinese investments in several key sectors, including agriculture, industry, infrastructure, and logistics. This collaboration is poised to make a significant contribution to the economic development and diversification of Mozambique, further solidifying the economic bonds between the two nations.

Categories: ChinAfrica

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