‘Moz needs to work harder to impress US investors’
29 Jan 2019 - by Staff reporter
For United States (US) investors to consider Mozambique as a viable option, the country needed to accelerate the reconciliation process between ruling party Frelimo and opposition party Renamo and improve anti-corruption mechanisms.
So said Bryan Hunt, deputy chief of mission at the US embassy in Maputo, when he formally launched the 12th US-Africa business summit yesterday (Monday). The summit is scheduled for 18 to 21 June this year.
“Mozambique is not Africa’s largest market, nor is it the most populous or the fastest growing, so it has to be among the most competitive in order to succeed in transforming the potential that the summit offers in visible results for the Mozambican and American people,” said Hunt.
He acknowledged that the country had made “impressive progress” in ending the long-running conflict between Frelimo and Renamo but added that American investors needed more assurances.