Mozambique President Urges Insurers to Finance National Growth

Mozambican President Daniel Chapo recently urged the country's insurance sector to actively contribute to national economic growth and independence, beyond its traditional role of risk protection, during a symposium in Maputo. Speaking at the opening ceremony, President Chapo emphasized that insurers should not merely safeguard the economy against risks but also play a pivotal role in financing national development initiatives. This directive signals a potential shift in governmental expectations for the financial services industry, moving towards a more proactive role in economic development.