Excessive bureaucracy impedes investments between Mozambique and Malawi

Excessive bureaucracy in the authorization of foreign direct investments, customs clearance, and non-tariff barriers constrain the flow of trade and investment between Mozambique and Malawi.  

The two countries consider it urgent to remove trade barriers to increase the flow of investment opportunities.

 The president of the Tete Provincial Business Commission, Hermínio Nhantumbo, observed that although the two countries have a great agro-livestock potential, susceptible to transformation to add greater commercial value, the number of investments between the two countries is still insignificant.

For his part, the provincial director of Industry and Commerce, of Tete, Ofélio Jeremias, said he was convinced that the discussions that took place during the debate and dialogue sessions, will catapult investment between the two countries, which will constitute a platform for overcoming the challenges of the private sector, at the provincial and regional level.

Cross-border health insurance, professional services, agriculture and agro-processing, transportation, energy, and mineral resources are the potential areas that businessmen have identified in both countries.

Data from the United Nations shows that Malawi's exports to Mozambique accounted for $14.64 million in 2020.

Share this article