Speaking at a recent trade and investment seminar in Mozambique, the Provincial Permanent Secretary of the country’s Cabo Delgado province has invited South African companies to invest in the province, saying that there is a “huge opportunity” for South African businesses.

Opportunities for local businesses to invest in Mozambique“South Africa has been a privileged partner of Mozambique for years. Its participation in the agricultural sector is very active, which is a source of interest in this province. We hope this meeting will provide opportunities and further create strong ties and the know-how for local businesses. Our priority areas are in line with the South African interest to invest in Mozambique and they include tourism, fisheries, human capital, aquaculture, mining and energy,” Antonio Domingos Mapure told delegates.

Mapure said he was confident of the growth of the Mozambican economy post the trade and investment mission, adding that the mission came at an important time when the province was getting ready to start the 2018-2027 Development Programme. This includes attraction of investments of more than $50 million in the extraction of gas in the Rovuma basin and as well as the initiation of graphite exploration.

“Mozambique has a commitment to the business opportunities, create a conducive environment for businesses with regards to laws and regulations, and to encourage domestic and international investments,” he said

The South African High Commissioner to Mozambique, Mandisi Mpahlwa, said South African businesses are aware the world is looking at Cabo Delgado province’s oil and gas exploration, and that the volumes of gas were massive and attracting much attention from major energy foreign companies.

“The implementation of investments of more than $50 million with the exploration of gas in the Rovuma basin present important opportunities for South African companies and we would like to partner with Mozambique and the province as it builds its new future and as it takes advantage of these new opportunities. We do believe we can contribute through our quality products, programmes and services and in terms of back-up services much more cheaply and effectively as these major global companies undertake their investments,” Mpahlwa said.

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