Last Updated: 13 May 2019
The President of the Board of Directors of the Mozambican Stock Exchange, Salim Cripton Valá. Argues that agribusiness and SMEs are the growth and development engines of the Morrumbene District, and that the Maxixe and Inhambane and the fact that they are along EN1 are important factors to be capitalized in the future.
Salim Valá spoke on Tuesday morning in the district of Morrumbene, Inhambane Province, in the framework of the local District Investment Forum chaired by the Governor of the Inhambane Province, Daniel Chapo, where he presented the theme " District as a Pole of Development and the Local Economic Development Strategy of Morrumbene. "
The PCA said that by enhancing the decentralization process, local leaders, people, institutions, knowledge and resources must be properly mobilized to fuel the progress and well-being of the population.
During the speech, he argued that LED requires strategic prioritization of economic development and recommended that it is vital to attract and cherish the economic agents who invest and do business in the District and remove the barriers that still constrain the good business environment.
The panelist defended the paradigm shift that should be based on the promotion of savings and then investing and not waiting forever for external support, and for that purpose, it is pertinent to have a good knowledge of the local reality, to identify the existing business opportunities, to bet in LED vectors, intervene based on the most important value chains and areas of focus, and the development of profitable economic activities that create jobs and generate more income for families.
In another development, he argued that it is not enough to have a plan with clear priorities, goals and targets, and it is fundamental to operationalize the strategy with concrete instruments to enable SME training and business development support services, financing mechanisms, appropriate links mobilizing resources to deploy economic and social infrastructures to support business development and communication systems for local development.