President of the Republic of Mozambique, Daniel Francisco Chapo, has urged Malawi and Mozambique business community to continue investing in both countries to support the economic growth of the two countries.
Speaking Thursday during a luncheon meeting at Bingu International Convention Centre (BICC) in Lilongwe, Chapo said Malawi and Mozambique hold good relations hence the need to facilitate business in various sectors of development.
He said for meaningful development to take place, government should work together with the private sector to attract investors.
“Malawi and Mozambique need to attract foreign and local investments that can speed economic development in the two countries. We need to iron out barriers that hinder smooth trade activities,” said Chapo.
Minister of Trade and Industry, Vitumbiko Mumba, described the meeting as a significant step in promoting cross border trade.
He said, Africa has come to realise that economic growth is achievable through trade and investment and not aid.
“Malawi and Mozambique are strengthening their bilateral trade relations to promote cross border trade. Dedza/Calomue One Stop Border Post is proof of the commitment between the two countries,” he said.
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) President, Dr Wisely Phiri, said it is important to empower Small and Medium Enterprises (SMEs) and young entrepreneurs as they have the potential to develop a country’s economic growth.
He said young people in Malawi and Mozambique have the capability to change their nations through trade and industry.
The meeting brought together representatives from various business sectors in Malawi and Mozambique.
