Mozambican business mission in Portugal for economic conference

25 October 2010

Maputo, Mozambique, 25 Oct – A Mozambican business mission is taking part from today through Friday in an economic conference on “Investing in Mozambique for 250 Million Consumers in the Southern African Development Community”, under way at the FIL exhibitions grounds in Lisbon.

The delegation is headed by the chairman of the Mozambican Federation of Economic Associations (Cta), Salimo Abdula, and comprises representatives of 25 Mozambican companies. It will also participate in the Portugal Exporter 2010 fair and open new offices for the Mozambique-Portugal chamber of commerce in Lisbon, besides visiting the Soven and Compal groups and touring the Lisbon wholesale supply market.

Five years ago Portugal’s support for Mozambique was assessed at about 281 million euros, a figure estimated to have grown 16 times since then to 2.5 billion euros, according to recent statements by Carlos Costa Pina, Portugal’s state secretary for finances and the treasury.

The handover of shareholding control of the Cahora Bassa hydroelectric dam from the Portuguese to the Mozambican state was one factor that attracted Portuguese entrepreneurs to Mozambique, as the resulting improvement in diplomatic ties increased business opportunities.

It is in this context that the Mozambique-Portugal Chamber of Commerce (CCMP) is holding another conference, the second since it was founded. The first was held parallel to the Maputo International Fair, as various Portuguese entrepreneurs attended that event. (macauhub)