Ambassador urges businesses to invest in Mozambique

ZIMBABWEANS must exploit business opportunities in Mozambique and enhance the Second Republic’s economic diplomacy and help develop the country.

Moreover, the existing ties between the two countries present a good environment for investment by corporates from the two neighbours.

This was said by Zimbabwe’s Ambassador to Mozambique, Douglas Nyikayaramba, during a virtual market survey seminar held in the neighbouring country on Wednesday.

He said there were a lot of investment opportunities that the Covid-19 situation presents for Sadc countries to increase trade and investment among themselves to improve the livelihoods of their citizens. “It is very important for our business people to understand that Zimbabwe and Mozambique enjoy very excellent and stable political relations, which are a sound basis to build strong business and trade relationships going forward,” said Amb Nyikayaramba.

“Mozambique has over 31 million people, double the size of Zimbabwe and that presents a very huge market for our goods and services.

“Therefore, for serious business people who are producing consumptive goods at home this is a market for Zimbabwe. It is producing low hanging fruits considering that the Second Republic’s model is economic diplomacy.

“Additionally, this country is currently having a high rural population moving to urban areas and coastal cities and this naturally presents a market that will demand goods and services.”

Amb Nyikayaramba said Mozambique has a coastline of 2500km with most of the beach fronts yet to be exploited and these are ideal for investment in tourism-related businesses.