Malawi Mozambique bilateral relationship grows as Trade and Energy MOU is signed [Video]

Malawi and Mozambique on Wednesday signed crucial Memorandums of Understanding (MOU), aimed at improving the energy sector and boosting trade of the two countries.

Speaking during the signing ceremony, which took place at the Office of the President of Mozambique in Maputo, President Lazarus Chakwera said the signing of the trade agreements between Malawi and Mozambique is key in enhancing the economic relationship between Malawi and Mozambique.

“I am optimistic that the opening up of the Nacala Port to transport fuel and petroleum products from Mozambique to Malawi will reduce transportation costs of petroleum products and  the energy agreement will also reduce black outs,” Chakwera said.

President Chakwera together with his  counterpart President Filipe Nyusi witnessed the signing ceremony of the MOU’s on energy  formalised by Energy Ministers of Malawi and Mozambique.

Under the agreements, Malawi seeks to negotiate for a convenient border post, simplified trade regimes, equal treatment of …