In the last five years, China has invested about US$1 billion dollars in Mozambique, particularly in infrastructure, according to the African nation’s trade and industry minister Silvino Moreno.
“With China we have very strong bilateral cooperation,” he said this week at a press conference to announce Mozambique’s participation in the 3rd China-Africa Economic and Trade Expo, scheduled for 29 June to 2 July in the Chinese city of Changsha.
According to news outlet Club of Mozambique, the minister said Maputo wanted to “attract more Chinese investment and take advantage of the opportunities that are offered, not only for the government or the state, but also for private companies that are the engine for the country’s development”.
He added: “Infrastructure is our biggest challenge, as well as the agriculture sector. We need to attract large operators in the area of industry, especially in the steel industry, metal transformation, and other large projects”.
An economic and trade official of the Chinese embassy in Mozambique, Xu Weili, said that trade between Mozambique and China in 2022 reached about US$4.6 billion – a 16 percent increase over 2021.
“We hope that this conference may open an opportunity to strengthen economic and trade exchanges to further expand the bilateral economic and trade relationship”, she said.