Government sees Mozambique as “a priority partner for Portugal”
Mozambique is “a priority for Portugal, from the institutional component to the partner and cultural aspects, through bilateral economic cooperation”, guarantees the politician NEW the Secretary of State for Foreign Affairs and Cooperation, Francisco André. The current period of upheaval in the energy sector and the potential of Mozambican gas reinforce the strategic interest and make the two-day official visit of the Prime Minister, António Costa, more relevant.
Costa’s participation in the Mozambique-Portugal Business and Investment Forum “is an important opportunity to strengthen the relationship between companies and economic operators in the two countries and promote growth”, Francisco André, recalling “that Portuguese women have always been presents in strategic sectors for the Mozambican economy”.
Eighteen bilateral cooperation instruments were signed, in areas as diverse as Agriculture, Education, Culture, Industry and Security, Tourism, Justice, Justice and Public Finance. In, Francisco André signed the agreement with the African Development Bank, “which enables the Lusophone Development Compact and which will allow the granting of an outstanding development worth 400 million euros to leverage the private sector not only in Mozambique, but also in but also in all PALOPs”.
In the President of Mozambique, Filipe, António Costa highlighted the final strengthening of relations between the two countries and announced a 40% increase in the vertical project under the Strategic Cooperation Program with the Strategic Cooperation Program with the Strategic Cooperation Program 90 million euros out of a total of 185 million euros. In turn, Nyusi thanks Portugal for helping “in our difficult moments”.
The Mozambican head of state revealed that he was studying the possibility of building a second floating platform to extract and process natural resources from the Rovuma basin, off Cabo Delgado, given the increase in demand in Europe. Mozambique has one of the largest reserves of natural gas and is seen as one of the great promises of a global level in the medium and long term, despite not yet producing on a large scale The Minister of Economy, António Costa Silva, told Jornal Económico “the project is absolutely definitive and has conditions for our research”. “Mozambique currently has reserves of up to 200 TCF (trillion cubic feet), greater than Nigeria, which is Africa’s biggest producer,” he added.