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Home >> China
UPDATED: 08:41, February 08, 2007
Mozambique seeks investment for infrastructure
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China's increasing help to Africa has presented the continent new opportunities and investment, said Armando Guebuza, president of the Republic of Mozambique, in a written interview.

"The friendship between Africa and China is a win-win situation and the two nations both want to get the most out of this friendship. We are treating each other with respect," Guebuza said.

President Hu Jintao is currently on an eight-nation trip to Africa and today he will be visiting Mozambique, a former Portuguese colony in the southeastern part of the continent. Hu's visit is the first by a Chinese president since Mozambique gained independence in 1975.

Guebuza said Mozambique needs investment to strengthen its infrastructure, and is identifying what it wants from China.

Reports said Beijing plans to strengthen links with the nation by offering an aid package and trade deals.

China-Mozambique cooperation is part of South-South cooperation and the two countries have made important headway in building roads and bridges.

Guebuza said Chinese firms could be interested in expanding into telecommunications, energy, agriculture and other areas of Mozambique's small but growing economy.

He noted that it is very important for China to participate in developing investment in areas that are capital intense, such as mining and the construction of dams.

He said investment opportunities in Mozambique, from a Chinese perspective, also existed in tourism as the country has a coastline of more than 2,500 kilometers and numerous beaches.

"We lack the infrastructure to develop our tourism industry in a more profitable manner," Guebuza said,.

The president is also committed to strengthening the country's business environment, saying his government will keep updating the investment code.

Mozambique is among a number of African nations that have accepted help from China in a bid to boost development, technical know-how and foreign investment.

China's cooperation with Africa began more than 50 years ago when it pledged firm support and economic assistance to the people of Africa in their struggle for national sovereignty.

And Mozambique's president acknowledged China's enormous support in the past, saying the bilateral relationship was built during a very critical period, which makes it very special.

He said each side needs to grow and "we need to cooperate and we need to attract investment", emphasizing that close co-operation will help to better understand each other's constraints and difficulties.

"We need to know each other better and create frequent dialogue through visits at various levels," Guebuza said.

Source: China Daily


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