US businesspeople visit Mozambique to look into investments in the energy sector

7 February 2012

Maputo, Mozambique, 7 Feb – A US business mission is in Mozambique to examine potential investment projects in the energy sector, Mozambican newspaper Notícias reported citing the mission’s coordinator.

Johnnie Carson, the assistant secretary of state for African Affairs, also told the newspaper that the mission, which would be in Mozambique until 17 February, wanted to find mechanisms for US power producers to invest in creating power plants and supplying fuel to meet Mozambique’s needs, by producing reliable energy at accessible prices.

After Mozambique, the US business mission will visit Tanzania, Nigeria, Ghana and Kenya.

Jim Wilson, the principal coordinator for trade promotion and trade policy of the Department for African Affairs, said that trade missions of this kind had an essential role to play in finding solutions for the huge constraints on Africa’s development imposed by a lack of reliable power sources.

“The fact is that countries such as Nigeria and Mozambique cannot have reliable energy and, very often, they end up paying a very high price by using reserve generators and diesel to meet local demand,” said Wilson.

According to Wilson, if African countries could have access to high quality energy, like companies in the US and the United Kingdom, they could produce goods at a cheaper price for local and export markets. (macauhub)