Mozambique: Japanese businesspeople visit Mozambique in September

29 August 2008

Maputo, Mozambique, 29 Aug – A Japanese business mission made up of 30 businesspeople is scheduled to be in Mozambique from 2 to 4 September, a source from the Centre for Investment Promotion (CPI) told Macauhub Thursday.

The source added that amongst the businesspeople would be representatives of groups such as the Mitsubishi Corporation, Mitsui, Komatsu, Sumitomo, Toyota Tsusho Africa and the Bank of Japan, interested in looking at opportunities in the infrastructure, banking, manufacturing, energy, retail and natural resources sectors, amongst others.

This mission is due to travel to Mozambique following the IV Tokyo International Conference on African Development (TICAD), held in the Japanese city of Yokohama last May, at which Mozambique was represented by a delegation headed up by the country’s president, Armando Guebuza.

As part of this same mission, according to the CPI, a seminar has been scheduled to take place in the Joaquim Chissano International Conference Centre in the city of Maputo.

This will be the biggest Japanese business mission to visit Mozambique in the last five years.

Japan, which is a Mozambican economic partner, has a large stake in Mozambique Aluminium Smelter (Mozal), via the Mitshubishi Corp, which owns 25 percent of its shares.

Mozal is an estimated in investment of US$2.1 billion and is also owned by BHP Billiton (Australia), Industrial Development Corporation (South Africa), and the Mozambican state. (macauhub)