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South African Trade and Industry Minister Rob Davies is mobilizing his country’s private sector for a trade and investment mission in Mozambique as part of a South African government strategy aimed at increasing trade between the two countries, currently estimated at Rand 42.4 billion.
Davies sees it as imperative to make the most of the peaceful environment and relations between the two countries to invest in the agriculture, infrastructure, steel production and mining sectors.
The minister has opened registrations in his ministry for companies interested in doing business in Mozambique, and the trade and investment promotion mission will visit Maputo from 22 to 26 May.
Interested companies will be sponsored through South Africa’s Export Marketing and Investment Assistance program.
More than 100 South African companies operate in Mozambique across several business sectors, and the two neighbouring countries have more than 60 agreements and cooperation protocols in various areas.Source: Voa Portugues