Types of bank guarantees – mortgage | By Stélio Tauzene, FNB Mozambique
Magazine Independente (File photo)
33 countries have confirmed that they will take part in this year’s edition of the Maputo Trade Fair (FACIM), which takes place between 29 August and 4 September. Three of these countries are participating for the first time.
The event will take place in parallel with the business forum of the Community of Portuguese Speaking Countries (CPLP).
There will be at least 700 foreign companies participating in the event, which is being held at Ricatla, in Marracuene district, about 30 kilometres north of the capital. There will be an increase in the number of national companies participating, up to 3,200 compared with 2,250 last year.
The director of FACIM, Octavio Francisco, expects over 94,000 visitors will attend the event, up from 84,000 last year.
According to Sunday’s issue of the weekly newspaper “Domingos”, additional marquees will be put up to increase the exhibition space under canvas by 3,650 square metres to 33,650 square metres.
This year’s edition has been hampered by the political and military tensions in the country (the opposition party Renamo is waging a violent campaign in some parts of the centre of the Mozambique which is adversely affecting businesses).
In response, the organisers are working to create the conditions for exhibitors from around the country to attend. It is cooperating with the national airline LAM to get discounted air tickets for participants. However, the actual exhibitions still need to travel by road, and many will drive along stretches where vehicles have been ambushed by Renamo gunmen.
In another development, the Institute for Export Promotion (IPEX) announced that it had signed an agreement with the Maputo municipal bus company (EMTPM) under which an executive bus will be available to transport exhibitors to Ricatla.
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