Trade between Mozambique and Brazil exceeded $100 million in 2024, according to data released on Monday, November 24, by the Confederation of Economic Associations of Mozambique (CTA), which considers that exchanges are still below their potential.
The information was provided by CTA Vice President Amâncio Gume during the Brazil-Mozambique Business Forum, who highlighted that “Mozambique and Brazil share cultural and humanistic affinities that make us natural partners, but it is especially in the economic sphere that this partnership shows its greatest potential.”
During the opening of the event, which brought together hundreds of businesspeople and government representatives from both countries, Gume stated that bilateral trade surpassed $100 million last year. Despite this, he emphasized that the value remains low compared to the “complementary” opportunities existing between the economies of both countries.
Gume stressed that Mozambique offers clear competitive advantages, making it an attractive destination for Brazilian companies seeking to expand into Africa, highlighting the country as a strategic hub for business.
The forum takes place during Brazilian President Luiz Inácio Lula da Silva’s second visit to Mozambique, his fourth term visit and the first in 15 years, aiming to deepen bilateral relations and stimulate trade between the two countries.
Among the factors attracting Brazilian investors, Gume pointed out that Mozambique provides an ideal platform for distributing products in Southern and Eastern Africa. The country has vast natural resources, high potential in renewable energy, and a strategic location on the eastern African coast, with direct access to the Indian Ocean and the Nacala, Beira, and Maputo corridors, reaching a regional market of over 300 million consumers. This creates opportunities for investment in the real estate, logistics, and energy sectors.
Meanwhile, Ana Repezza, Business Director at the Brazilian Trade and Investment Promotion Agency (ApexBrasil), reinforced that Brazil is a natural partner of Mozambique, highlighting the quality and complementarity of the two economies. “President Lula’s directive is to look not only at Mozambique but at the whole of Africa, not just in terms of trade promotion and export, but also as economic cooperation,” she stressed.
Repezza further added that Brazil intends, through trade, to contribute to addressing strategic needs in areas such as food security, energy transition, and health in African countries.
Text: Germano Ndlovo
