12 November 2012

Mozambique: Brazilians Invited to Invest

Maputo — The General Manager of the Mozambican government’s Investment Promotion Centre (CPI), Lourenco Sambo, on Monday invited a group of Brazilian businessmen to invest in the country.

The group consists of 12 business people, representing 60 Brazilian companies. On Monday, they took part in a Maputo business seminar with Mozambican counterparts in a range of areas – including the food and drink industry, medical and surgical equipment, information technology and automation, electricity, infrastructures and mining.

Sambo stressed that there are investment opportunities in the Maputo, Limpopo, Beira, Nacala and Pemba-Lichinga road and rail corridors. In all of these corridors, there are agro-ecological conditions appropriate for agricultural and livestock production – including the production of vegetables, fruit, sugar, beans, maize, sesame, chickens and eggs.

“We have well-defined agro-ecological zones and we must produce to reduce the food deficit that still faces the country, and which makes no sense given the existing potential”, said Sambo.

97 of the country’s farms were tiny, peasant holdings, and only three per cent were commercial farms. “We have to reverse this situation if we want to fight against poverty and transform the country into a major producer”, declared Sambo.

Thos who wanted to invest in grain production should look at Sofala, Zambezia, Manica and Tete provinces, he suggested, while cassava grew particularly well in Nampula, Zambezia and Inhambane.

For fruit, vegetable and potato production, Sofala, Tete, Zambezia, Nampula and Cabo Delgado provinces all had great potential. The stress, Sambo said, should not simply be on production, but also on processing, packaging and assembling cold storage systems for conservation.

The best areas for producing oilseeds were the central provinces of Manica, Sofala and Tete, while for investing in livestock, the areas with greatest potential were the southern provinces (Maputo, Gaza and Inhambane), plus Manica, Tete and Zambezia.

The chairperson of the Confederation of Mozambican Business Associations (CTA), Rogerio Manuel, told the seminar “among the advantages of investing in Mozambique are the good business environment, the country’s strategic location, its abundance of mineral resources, and its free access to the United States, European Union and SADC (Southern African Development Community) markets”.

The chairperson of the Brazil-Mozambique Chamber of Commerce, Industry and Agriculture, Rogerio Samo Gudo, said that the demand by Brazilian businesses for investment opportunities has been growing, as has the number of Mozambican business people seeking partnerships with Brazilians because of the latters’ experience and technical know-how.

“In the past the relations between Mozambique and Brazil were more cultural, but today they have to do with social and economic development”, said Samo Gudo. “We want the relations between the two countries to be more lasting, so that we have more competitive and profitable companies”.

The business seminar is part of a Brazil-Mozambique week, running from 10 to 17 November.

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