BNI Chairman, Matola on what makes Mozambique attractive to investors

Mozambique's National Investment Bank (BNI) has been actively seeking partnerships and investments at the ongoing expo 2020 in Dubai. CNBC Africa's Fifi Peters had the opportunity to sit down with BNI Chairman, Tomás Matola, to discuss the bank's objectives and the potential for growth in Mozambique. Matola highlighted the importance of securing financing for large-scale projects that are crucial for the country's development. He mentioned that while the bank plays a key role in financing infrastructure and the productive sector, there are projects that require substantial funding beyond their balance sheet capabilities. To bridge this gap, BNI collaborates with government institutions, public and private companies to secure funds from international investors and financiers. Matola expressed satisfaction with the outcomes of their discussions, noting that they had successful meetings and received positive responses from potential partners. The focus for BNI in the medium term revolves around key sectors such as infrastructure, tourism, agriculture, power, and industry. These sectors align with the government's development goals and have been identified as areas for growth and investment. Matola mentioned that the bank is well-prepared with a structured pipeline of projects and investment opportunities to present to investors. He emphasized the importance of creating strong partnerships to facilitate funding and support for ongoing and future projects. Matola also touched on the interest from investors in the United Arab Emirates, noting that many of them are already involved in projects in Mozambique and are keen to further strengthen their ties with the country. The relationship between the UAE and Mozambique is poised for growth, with mutual interests in sectors like real estate, infrastructure, tourism, and agriculture. Looking ahead, Matola addressed the challenges that countries, including Mozambique, may face post-pandemic. He highlighted the potential risks of resource shortages, job losses, and increased imports due to disruptions caused by the pandemic. To overcome these challenges, he emphasized the need to boost investments, particularly in the private sector, and provide favorable conditions such as lower interest rates and extended credit terms to support businesses. Collaboration between the central bank, government, development banks, and the private sector is essential to mitigate risks and promote economic recovery. By working together and aligning policies, Mozambique can navigate the uncertainties brought about by the pandemic and chart a path towards sustainable growth and stability.