The President of the Republic, Filipe Nyusi, today called on businessmen operating in Mozambique to seek new forms of investment in products and services.

Nyusi argues that entrepreneurs should not remain dependent on state stimuli, such as tax exemptions.

"We would like to see more entrepreneurs adopting the system of exploration and diversification of investments in products and services, always paying attention to productivity, diversity, quality and increased productive capacity," said Filipe Nyusi, during the opening of the 17th Annual Conference of the Private Sector (CASP).

In the president's view, entrepreneurs must have a sharp nose for identifying business opportunities, interest in knowledge in the field of their activity, and the ability to mobilize resources.

The Mozambican Head of State defended synergies inside and outside the country aiming to strengthen the productive and competitive capacity, using spaces like CASP as a "showcase".

"May CASP serve as a showcase for our country's visibility regionally and internationally, functioning as a productive and commercial geostrategic block and platform," he said.

Domestic businessmen, he continued, should not depend on state incentives to be competitive, because such aids are transitory.

"More than demanding reforms from the government, the private sector needs to invest more and more in increasing production," Nyusi emphasized.

CASP, the largest business showcase in Mozambique, brings together over a thousand people over the next three days in Maputo, under the slogan "Accelerating the actions of economic recovery of the private sector in Mozambique.

A business portfolio valued at $990 million will be presented at the conference, for the agriculture, energy, tourism, water infrastructure, and transportation sectors.