Mozambique’s Trade with Other African Countries Rises

(3 Minutes Read)

The Prime Minister believes that the private sector has the potential to contribute to increasing our current level of trade with the rest of the African continent, which is currently only two per cent of Mozambique’s total trade.

Mozambique’s trade with other African countries, over the last five years, reached USD 7.1 billion, representing a 66 per cent increase in exports. The data was announced by Prime Minister Benvinda Levi in the central city of Beira, during the official launch of Mozambique’s commercial transactions within the African Continental Free Trade Area (AfCFTA).

Levi explained that AfCFTA should be seen by the national private sector as a catalysing platform for establishing strategic partnerships and boosting economic and business activities.

The Prime Minister believes that the private sector has the potential to contribute to increasing our current level of trade with the rest of the African continent, which is currently only two per cent of Mozambique’s total trade.

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Therefore, she added, more businesses must invest in networked industrial development and infrastructures to support the rapid growth of production within the framework of the “Industrialize Mozambique” programme, “which will boost more opportunities for increased exports.” The country joined the AfCFTA agreement in 2018 and submitted its tariff offer last year.