Moz earmarks projects for development

By | 2018-10-03T13:59:29+00:00 October 3rd, 2018|News|0 Comments

Mozambique’s business and financial community have presented almost 30 development projects for the Africa Investment Forum (AIF), the African Development Bank’s new transactional platform for mobilising investments on the continent. 

This was disclosed at roadshow held on 17 September, in the Mozambican capital of Maputo, organised by the bank, in partnership with the Agency for the Promotion of Investment and Exports (APIEX) and the Confederation of Economic Associations (CTA).

Minister of Finance and Bank governor for Mozambique, Adriano Maleiane

Minister of Finance and Bank governor for Mozambique, Adriano Maleiane. Image credit: clubMozambique

The Africa Investment Forum, scheduled for 7 to 9 November 2018, in Johannesburg, South Africa will bring together project sponsors, borrowers, lenders and investors to accelerate Africa’s investment opportunities.

Speaking at the event, Minister of Finance and Bank Governor for Mozambique, Adriano Maleiane, stressed Mozambique’s commitment to support the inaugural edition of the AIF and announced his attendance at the event.

The minister, along with the director general of APIEX Lourenco Sambo, president of the CTA Agostinho Vuma and the bank team, spoke to 100 participants including entrepreneurs, investors, CEOs of financial institutions and development partners.

Mozambique has submitted almost 30 projects in diverse sectors such as agriculture and food processing, energy and infrastructure, which will be subject to an intensive process of screening and prioritisation in the days following the roadshow.

Stressing president Adesina’s commitment to catalyse private investment in African Lusophone countries through the development of a Compact for Investment, Pietro Toigo, Bank Country manager for Mozambique, says, “Working with the governments of Brazil and Portugal, the bank is addressing the specific needs of Lusophone African countries. We are optimistic that Mozambique will have a prominent role in Johannesburg in November.”

The three-day AIF event will unite global pension funds, sovereign wealth funds and other financial sector investors. The forum will also bring together a network of financial institutions with instruments to de-risk selected investment opportunities.