Mozambique to welcome business mission from Japan

26 January 2010

Maputo, Mozambique, 26 Jan – A business mission from Japan made up of 32 businesspeople is due to arrive in Mozambique in the next few days, a source from the Mozambican Centre for Investment Promotion (CPI) told Macauhub.

The CPI, a unit of the Finance Ministry focused on attracting investment, is due on 1 February to organise an event called “Mozambique-Japan Investment Promotion Seminar” which aims to promote business opportunities and establish partnerships with the members of the Japanese mission.

This Japanese business mission, the first of its kind in the last six months, includes representatives of sectors such as transport and communications, mining resources, energy, petrochemical, agriculture, information technology, construction, consumer goods and general retail.

Japan, just like China and other countries such as South Africa, is a strategic partner for Mozambique in several areas, notably Japan funded construction of the bridge over the Zambezi River, which links the north and the south of the country, as well as providing funding for the so-called Millennium Villages.

Japan, according to government sources, has concluded a study on the Nacala Development Corridor (CDN) and is considering providing a loan to improve the facility.

In 2009 several business missions from China, Portugal and Brazil, amongst other countries made exploratory contacts in Mozambique. (macauhub)