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Mozambique needs legislation to promote private investment, says president

Xinhua, July 17, 2015 Adjust font size:

Mozambique needs new legislation to promote private investment, Mozambique President Filipe Nyusi said here on Thursday.

"Mozambique is not an island, we need strength," he told journalists following a meeting with his Portuguese counterpart Anibal Cavaco Silva in Lisbon's Palace of Belem, adding that his country aimed to create foundations for the private sector.

"The main concern is to find out the barriers that are necessary to demolish, especially in the private sector," he added.

"We want to govern with the private sector, not with selfishness but for our countries to grow. Through development and investment we can build more roads and schools and pay out our teachers," he pointed out.

Filipe Nyusi highlighted that Portugal was the fourth major investor in Mozambique but that more was need in terms of volume and penetration.

"We came to point out that the Mozambican and Portuguese economies can walk hand in hand. The development of agriculture, energy, tourism, transport and fishing is possible," he said.

Nyusi also said during the conference that it was up to the Mozambican parliament to approve the peace commission proposed by ex-rebel group Mozambique National Resistance (RENAMO), the country's main opposition party.

"One of the main steps is stability and peace and we know that conflicts are the result of poverty and unease," he said, adding that he had discussed peace with Cavaco Silva and deemed it a "fundamental" issue.

Portugal was the first country in Europe the Mozambican president visited since taking office and he was accompanied by his wife, Isaura Nyusi.

"We accept that this visit is because we are celebrating 40 years since our join victory," he said. "40 years have passed since Mozambique was liberated from Portugal's colonialism and from fascism." Endit