The Minister of Industry and Commerce, Carlos Mesquita, invited Canadian businessmen to invest more in Mozambique, in several sectors of activities.
Speaking at a virtual business seminar between Mozambican and Canadian businessmen, aimed at promoting investment opportunities and discussing strategic issues related to the plan to stimulate the economic growth of the two countries, the minister said that commercial relations continue to be consolidated.
“Mozambique presents favorable conditions to meet domestic demand and to export to Southern African countries and other international markets,” he said.
The intervention of the Minister of Industry and Trade comes in a context in which a considerable number of Canadian companies are active in the country, particularly in the renewable energy, engineering, construction and infrastructure sectors. At the event, held under the theme “Promoting business opportunities and partnerships between Mozambique and Canada”, the president of the Confederation of Economic Associations of
nomic Associations of Mozambique (CTA), Agostinho Vuma, encouraged national companies to sign partnerships with Canadian counterparts, in order to improve their involvement in the oil and gas industry.
“This is a very promising sector, which points Mozambique as one of the world’s leading LNG producers in the very near future,” he said.
According to Vuma, Mozambican companies face difficulties in taking advantage of the
opportunities that arise with the advent of oil and gas exploration.
“Some limitations to the failure of Mozambican companies to take advantage of these opportunities have to do with the standards required by operators, the
weak capacity to present guarantees and endorsements that are in line with the volume of business involved and the
business volume involved, and the lack of access to certification,” said Vuma.
He assured that, to mitigate this situation, CTA is developing a Company Certification Program (PRONACER), which at this stage includes 150 firms and aims to reduce the difficulties of access to markets that Mozambican production units still face.
Focusing on the agriculture and agro-processing, energy and oil
and gas sectors, the seminar aimed to explore business and partnership opportunities
partnerships that exist in both countries, as well as share experiences, especially in sectors where Canada has potential. potential.
