SA, Mozambique focus on growing economy

23 October 2015

A business forum for South Africa and Mozambique has been established to increase economic cooperation between the two countries.

Speaking on Thursday in Pretoria, during the first State visit of Mozambican President Fillipe Jacinto Nyusi, President Zuma said the forum comprises high level business delegations from both countries.

Trade and investment between the two countries has grown exponentially over the past decade, showing a 50% increase.

The South Africa-Mozambique Bi-National Commission (BNC), which will be chaired by the two Heads of State, was launched during the meeting.
The commission is a strategic mechanism through which the countries will structure their relations going forward.

“This will have socio-economic benefits such as employment creation,” President Zuma said.
“We agreed that our Ministers of Energy have to do extraordinary things to ensure that we coordinate our energy efforts because both countries need it …” he said.
President Nyusi said his country would take advantage of the opportunities to work with South Africa on issues of the economy.

Some of the areas that the countries will work together in include agriculture, energy, food security and tourism as well as environment issues.

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