Italian businesspeople visit Mozambique to set up partnerships

30 September 2015

Twenty Italian businessmen from various sectors of economic activity will visit Mozambique soon to explore the possibility of establishing partnerships with local small and medium enterprises, said the Deputy Director of the Investment Promotion Centre (CPI).

Godinho Alves told Mozambican newspaper Notícias that the expression of interest by those businessmen from sectors including agriculture, machinery for agriculture, construction, furniture and renewable energy, took place in Milan, Italy, during Expo 2015, at a seminar on the economic potential of Mozambique.

The event’s keynote speakers were the Minister of Agriculture and Food Security, José Pacheco, the deputy director of the Investment Promotion Centre, Godinho Alves and the Director of the Office of Accelerated Economic Development Zones (Gazeda), Danilo Nalá, who presented the variety of opportunities available in Mozambique for investment.

The seminar was attended by about 200 businesspeople from Italy and other countries, especially from Europe, who were taking part in the World Fair taking place in Milan on the theme of, “Feeding the Planet, Energy for the Future.”

Agriculture occupies about 80 percent of the workforce in Mozambique and contributes about 25 percent to the country’s Gross Domestic Product (GDP), which amounts to over 535 billion meticais, according to the National Statistics Institute (INE).

The Deputy Director of the Investment Promotion Centre said Italian companies had been expressing intentions to invest and 47 projects had been approved in the last five years, with total investment of US$200 million, excluding the oil and gas sector. (macauhub/MZ)