Argentinean economic mission visits Mozambique to boost business ties

7 November 2012

A group of investors from small and medium-size companies from Argentina, met Tuesday in Maputo, with almost 60 Mozambican businesspeople with the aim of setting up partnerships and investment projects, according to the local press.

The economic mission from Argentina to Mozambique, headed up by the Argentinean deputy Industry Minister, Horácio Roura intends to increase two-way trade, which currently stands at US$100 million.

The Argentinean delegation, which is the first of its kind to visit Mozambique, includes businesspeople from the chemical, automotive, metallurgical, construction ,software and electronics, agricultural machinery sectors, as well as representatives from the Bank of the Argentine Nation, of the Ministry for Agriculture, and the National Industrial Technology Institute.

During the meeting Roura said that Mozambique had growing demand for industrial products, such as machinery and equipment to develop infrastructure, medication, sanitary products and technology transfer for development of potential in sectors such as agriculture, energy, and mining.

The Argentinean mission, made up of 28 businesspeople, is due Tuesday to visit the Beluluane Industrial Zone, in the industrial city of Matola, southern Mozambique, where the Mozal aluminium foundry is located. (macauhub)