Mozambican businesspeople assess business opportunities in Angola

20 October 2009

Maputo, Mozambique, 20 Oct – A delegation made up of over 40 businesspeople from Mozambique is to travel to Angola in November to explore business opportunities with businesspeople from the West African country, a business source told Macauhub in Maputo.

Cremildo Maculuve, of the marketing and communications department of the Confederation of Economic Associations (CTA) told Macauhub that the delegation would include businesspeople from the industry, energy, construction, banking and information technology sectors, amongst others.

The visit by the business mission to Angola will coincide with the inaugural flight by Mozambican airline LAM to Luanda, the Angolan capital.

The organisers of the visit to Angola plan to promote interaction between the two countries, strengthen cooperation ties in the business sector, open up new investment areas, create partnership and business opportunities.

On the last visit by the Angolan president to Mozambique, both José Eduardo dos Santos and Armando Guebuza noted the need for the two countries, which have Portuguese as their official language, to develop increasingly strong economic ties.

At the time economic and social cooperation agreements were signed, notably those for geology and mining, fishing and aquaculture, promotion and reciprocal protection of investments, construction, oil, science and technology, amongst others.

The two governments are also preparing a bilateral agreement for the agriculture sector. (macauhub)