Mozambique and Malawi have taken a significant step toward bolstering their economic and commercial ties with a new agreement that grants Malawi access to a dedicated terminal at the northern Mozambican Port of Nacala.
The agreement was signed on Wednesday by Mozambican President Filipe Nyusi and Malawian President Lazarus Chakwera during a two-day working visit by Chakwera to Maputo.
President Nyusi highlighted the strategic importance of the Nacala port for both nations, noting that the arrangement is part of a broader effort to enhance regional cooperation.
“The Port of Nacala is strategic for both countries. Mozambique has made space available in the port, which Malawi can use as a specific terminal for its trade. The process has been finalised in both countries, in terms of concession procedures,” Nyusi stated.
In addition to the port agreement, the leaders reviewed the progress of the Mozambique-Malawi Regional Interconnection Project, known as MOMA.
The project, aimed at increasing electricity connectivity between the two countries, has seen substantial advancement. Nyusi reported that 52 per cent of the power line on the Mozambican side is complete, while the substation construction is nearing 72 per cent completion.
“It’s a concrete project that our two countries are developing,” he added.
President Chakwera expressed optimism about the agreements’ potential to drive Malawi’s development strategies.
He announced upcoming air transport agreements that will further connect the two countries, and welcomed the progress on the MOMA project, which is expected to improve Malawi’s electricity supply and reduce power cuts.
Chakwera also highlighted the anticipated benefits of reduced fuel costs due to improved trade logistics, which are expected to lower fuel prices in Malawi.
He noted that these developments will enhance trade relations between the two nations and also positively impact tourism.
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