Mozambique has entered into an agreement with the US to boost trade relations with the country and “remove investment barriers,” Macauhub reports.
The document was signed on the sidelines of the U.S-Africa Business Summit held in Maputo, Mozambique, last week. It covers several key sectors of the Mozambican economy, namely agriculture, fisheries, tourism, energy and infrastructure.
According to the US authorities, the MoU will mainly serve to identify priority projects in these sectors and stimulate trade between the two parties, through future free trade agreements.
The signing of this agreement comes at a time when the United States announced last week, its intention to double the volume of its investment and trade with Africa in the coming years. This is achieved through a new strategy called Prosper Africa, which will provide mixed financing, loan guarantees and market intelligence to help make American investments in Africa less risky.
Mozambique is the fourth African country to sign such an agreement with the United States, according to Karen Kelley, the US Deputy Secretary of Commerce.
Moutiou Adjibi Nourou
Flutterwave gained a BCEAO license to operate in Senegal, expanding to 35 African countries. ...
In Africa, the private sector is widely seen as the main engine of industrialization and plays a cen...
Highlights: • New 1% US tax on outbound remittances to take effect January 1, 2026• Africa received...
The former Nigerian president has passed away. A feared military figure and controversial head of st...
Key Highlights • New national plan “Tchad Connexion 2030” earmarks $1.5 billion for digital tr...
Africa is estimated to hold about 30% of the world's critical mineral reserves. While discussions often focus on metals like graphite, lithium, or rare...
• DRC launched "e-Diplôme," a blockchain platform to secure and digitize state diplomas• Enables instant online verification and permanent archiving• Aims...
• Mali to invest $322M in 2025 to upgrade 20,000 km of roads under its Road Maintenance Program• Aims to boost security, reduce transport costs, and...
Even as solar power generation increases across Africa, few producers are currently certifying their energy on sustainable markets. This mechanism,...
In southeastern Morocco, near the Algerian border, lies Merzouga—a small village at the heart of the Saharan desert, known for its monumental dunes and...
Ashenda is a vibrant traditional festival celebrated primarily in northern Ethiopia, particularly among the Tigray and Amhara communities, as well as in...