South African entrepreneurs seeking business in northern Mozambique’s Nacala

24 August 2011

Maputo, Mozambique, 24 Aug – A group of South African entrepreneurs linked to the New Partnership for African Development (NEPAD) and the Business Foundation (NBF) are visiting the Nacala Special Economic Zone in Nampula until this Friday, seeking investment opportunities in the area of infrastructures, the Noticias newspaper reported on Wednesday.

The 13-member group has already visited with the same goal the Beluluane Industrial Park in Maputo province, a zone with an area of nearly 700 hectares and basic infrastructures to house light industry projects.

The director general of the Office for Accelerated Development Economic Zones (GAZEDA), Danilo Nala, explained that while some of the entrepreneurs were already familiar with Mozambique, for others it was their first contact with the country.

During the visit to the Nacala Special Economic Zone the South African entrepreneurs are to take part in a business and contact meeting attended by representatives of companies investing in that region. They will also visit the Nacala port and installations of the Brazilian construction firm Odebrecht, which is in charge of building the Nacala International Airport.

A total of 37 investment projects for the Nacala zone were approved by the end of the first quarter of this year, for an investment volume of around US$383 million that will create 7,500 jobs.

The Nacala Special Economic Zone was the first to be created in Mozambique, in December 2007, and occupies a total area of 1.307 km² in the districts of Nacala-Porto and Nacala-a-Velha. Companies situated in Special Economic Zones are exempt from customs duties on the import of raw materials, equipment and other goods used to implement investment activities in those zones. (macauhub)