Mozambique president seeks investment from IDB countries

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Thursday 11 Jun 2015 - 17:04 Makkah mean time-24-8-1436 Maputo (IINA) - Mozambique President Filipe Nyusi has called on member countries of the Jeddah-based Islamic Development Bank (IDB) Group to invest heavily in his country in order to address the challenges of unemployment and improve wealth creation. He made the remarks while opening 40th Annual Meeting of IDB’s Board of Governors here on Wednesday. Nyusi stated that the government of Mozambique is working towards achieving some strategic goals which will help increase productivity, boost employment opportunities, enhance competitiveness and promote inclusive development. “In order to achieve these noble objectives, the support of IDB member countries is essential.” The president told the delegates that Mozambique is growing at an average of seven percent annually, which is a good sign for economic development. In a show of support to the demand from the president of Mozambique, Dr. Ahmad Mohamed Ali, president of IDB, urged the private sector in the IDB member countries to take advantage of the promising signs of economic growth in Mozambique by investing in the country. “I would therefore like to seize this opportunity to appeal to the private sector in the member countries of IDB, chambers of commerce and industry, airlines and energy companies to seize the opportunity of coming years of promising Mozambican economy, by the Grace of God, and intensify their contact with the country”, said Dr. Ali. He called on the IDB member countries to organize workshops that will help in strengthening the links between IDB member countries and Mozambique. Dr. Ali pledged that IDB would be pleased to facilitate the means by which investors could renew their relationship with Mozambique. Addressing the meeting, Chairman of the IDB Board of Governors and Mozambique’s Minister of  Finance and Economy Adriano  Maleiane called on IDB to increase its presence in the Southern Africa region in order to make operations easier. He stated that at the moment, there is a distance between IDB and some of its member countries, which makes it crucial for IDB to structure itself in proximity with the member countries. AB/IINA