Mozambican Prime Minister Adriano Maleiane believes that the Maputo International Trade Fair (FACIM) is an essential platform for promoting Mozambique’s business potential.

According to Maleiane, who was speaking, on Sunday, at a ceremony marking the closure of the 59th edition of FACIM, held in the district of Marracuene, about 30 kilometres north of the capital, “this year’s edition was, once again, an authentic showcase of the country’s economy.”

Maleiane believes that the agreements signed among various businesses, during the Fair, will produce positive results for the Mozambican economy, in terms of increased production and productivity, as well as job creation and increased income for Mozambicans.

“We believe that the national and foreign exhibitors, during this edition of FACIM, have established synergies, made commitments and signed investment partnerships that will certainly boost the transformation of our country’s existing potential into concrete business opportunities”, he said.

According to the Prime Minister, the quality and diversity of the services and goods exhibited at FACIM show that the country is on the right path towards industrialization, considering the role that the micro, small and medium-sized enterprises (MSMEs) have in the improvement of production.

“The small and medium-sized enterprises must be focused on innovation, new technologies and certification, as part of the industrialization and diversification of the Mozambican economy”, he said. “Increased production, incorporating more and more national raw materials, will help to reduce imports, as well as creating more jobs and income for Mozambicans, especially young people and women”.

The Prime Minister said that the resilience, entrepreneurial spirit, innovation and efforts of the national business community to increase production and productivity is evident, as well as the diversification of services and goods produced locally and in accordance with the demands of the national and international markets.