Swedish ambassador to Mozambique calls for exchanges between companies from both countries

12 October 2010

Maputo, Mozambique, 12 Oct – the Swedish ambassador to Mozambique, Torvald Akesson, called in Maputo for exchanges between Mozambican and Swedish companies via support in the search for partners and investment opportunities in both countries.

The Swedish diplomat was speaking on the eve of the arrival in Maputo of a Swedish business delegation that is expected to seek out business opportunities in several sectors, an embassy source told Macauhub.

The delegation of businesspeople, which arrive Monday in Maputo ends its visit Thursday, 14 October, and includes companies such as Eltel Networks TE AB, Ericsson Mozambique (BMZ), Gunnebo Security SA (Pty) Ltd, HemoCue, Hagglundes Drives South Africa (Pty), Ltd and Scania (Pty) Ltd.

A source from the embassy told Macauhub that the Ericsson representative planned to meet with Mozambique’s transport and communications Minister, Paulo Zucula, to discuss changes in legislation in the telecommunications sector for rural areas.

Some Swedish companies already have investments in Mozambique, in several sectors, including silviculture, notably Chikwete Forests, which is majority Swedish–owned (Global Solidarity Forest Fund), with projects estimated at US$140 million in the districts of Gurué and Mocuba in Zambézia province, central-northern Mozambique, and in Massangulo, in Nguama district, Niassa province.

Swedish companies have shown interest in the energy, infrastructure, transport and telecommunications, tourism, beauty (Oriflame) 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)