Swedish business mission to visit Mozambique in October

17 September 2010

Maputo, Mozambique, 17 Sept – A delegation of businesspeople from Sweden is due to visit Mozambique between 11 and 14 October, Macauhub learned in Maputo from a source at the Swedish embassy in Mozambique.

The embassy source told Macauhub that it was a n exploratory mission to find investment and business opportunities, although Swedish companies are already present in the Mozambican market.

Chikwete Forests, which is majority Swedish-owned (Global Solidarity Forest Found), is already operating in Mozambique with projects in the forestry sector costing US$140 million.

The company is present in the districts of Gurué and Mocuba in Zambézia province, central-northern Mozambique, and in Massangulo, in Nguama district, Niassa province.

Chikwete will explore an area of 100,000 hectares and its first exports are expected to be to Malawi although countries such as China, India, Vietnam, South Africa and Zimbabwe are amongst the markets to which the company plans to export.

Swedish companies have shown interest in the energy, infrastructure , transport and telecommunications, tourism, beauty (Oriflame Cosmetics, a beauty products company) sectors, amongst others.

Swedish exports to Mozambique in 2008 totalled 867 million meticals (US$24.5 million), and fell 20 percent the following year. (macauhub)