Published On: Tue, Sep 13th, 2016

UK promotes investment in Mozambique oil, gas

mozambique-oil-gasMAPUTO, (CAJ News) – THE United Kingdom is supporting investment promotion for oil and gas in Mozambique.

In that regard, the UK Prosperity Fund, which has channeled US$100 000, is supporting a four-month programme by Adam Smith International.

The programme commences Tuesday with a week-long training course of 40 delegates from Pemba Municipality, the Government of Cabo Delgado Province and surrounding districts including Palma and Montepuez.

The programme will support the development of a high-level Pemba investment promotion strategy and provide recommendations on the creation of a dedicated Oil and Gas promotion unit.

The UK government looks forward to building the partnership created within the Pemba Municipality and Cabo Delgado Province into the oil and gas sectors and beyond, High Commissioner to Mozambique, Joanna Kuenssberg, said.

“As part of this process, through the Prosperity Fund, we will continue providing support in sectors where we can reduce poverty and our companies have significant global expertise,” the envoy said.

The Prosperity Fund is a UK Government development programme devoted to promoting the economic reform and development needed for growth in partner countries.

It provides expertise and technical assistance in areas of UK strength to remove barriers to trade, strengthen policy capacity and develop sectors which support growth such as infrastructure, energy, finance, education
and healthcare.

CAJ News

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