The bank was one of the main partners of the UK-Mozambique Business and Investment Forum Access Bank strengthens its support for trade and socio-economic development As part of its work to find solutions for the country's economic development, Access Bank...

Mozambique took part in the UK-Mozambique Business and Investment Forum, held on May 30 in Maputo.

Co-organized by the Ministry of Industry and Trade and the British High Commission in Maputo, the forum aimed to promote trade and investment opportunities between the UK and Mozambique, with a focus on the priority sectors of clean energy, infrastructure and mining.

The event brought together investors, policymakers and businesspeople in a discussion aimed at adopting the best strategies to facilitate and improve business and investment between the two countries.

The UK's investment in Mozambique has grown over the last five years, placing it 7th on the list of the 10 largest investors in the country.

Represented by the Director of Corporate Banking, Tarcísio Mahanhe, Access Bank presented a comprehensive overview of the Mozambican economy and the projects underway, highlighting the business opportunities in the country.

"The Mozambican government expects economic growth to stand at 5.5% in 2024, thanks to strong public and private sector investment, a prudent monetary policy and continued growth in the agricultural sector," said Tarcísio Mahanhe.

The Head of Corporate Banking at Access Bank Mozambique also highlighted the importance of energy projects in the national economy. "We expect exports to increase significantly in the medium term, with coal and natural gas projects being the fundamental pillar of growth," he said.

Access Bank considered it essential to improve monetary, exchange rate and budgetary policies in order to attract private investment in Mozambique.

The Managing Director of Access Bank Mozambique, Marco Abalroado, stressed the importance of the event, considering that "it is a crucial platform for strengthening commercial ties between the two countries and exploring the vast investment opportunities in Mozambique".

"We believe that our commitment and active participation will contribute to sustainable and inclusive economic development," said Marco Abalroado.

Access Bank positions itself as a strategic partner in Mozambique's sustainable and inclusive growth, by supporting initiatives to promote trade, economic growth and social welfare in Mozambique.