Mozambique inspires confidence of Brazilian businesspeople

20 October 2011

Maputo, Mozambique, 20 Oct – Mozambique has an investment potential that inspires the confidence of Brazilian businesspeople, according to representatives of the seven Brazilian companies operating in the country during a meeting with President Dilma Rousseff.

António Sousa e Silva, Brazil’s ambassador to Mozambique said after the meeting that the perception of the businesspeople form his country was based on the secure climate offered by peace and stability, democracy and flexible legislation on investments.

These conditions, the ambassador said, had made it possible for mining company Vale, for example, to start coal production within the timeline established in the investment plan.

At the same meeting, held as part of the visit by Brazilian President Dilma Rouseff to Mozambique Wednesday, the businesspeople said they were interested in making long term commitments in Mozambique.

The seven Brazilian companies that currently operate in Mozambique are involved in sectors such as construction, hydroelectric facilities, power transmission, mining and paper production.

The most well-known are Vale, which ahs already started exporting coal mined in Tete province, Camargo Corrêa, which is involved in the project to build the Mpanda Nkua dam on the Zambezi River downstream of the Cahora Bassa dam and Odebrecht, which was awarded the contract to convert the former Nacala airbase into a civilian airport. (macauhub)