OPED: Investing in Portuguese-Speaking Africa: The moment is now - By Mateus Magala
The Maputo International Fair (FACIM), the largest event of its kind in Mozambique, will run from August 26 to September 1, and 30 countries and around 2,000 exhibitors have already confirmed their presence.
Among the countries sending exhibitors are Portugal, Brazil, Germany, France, Italy, China and the USA, FACIM coordinator Jaime Nicols says. “This year will see the debut in terms of participation from Thailand, Belarus and Turkey,” he added.
Another major presence are the Southern African Common Market (SADC) countries, which will all be at FACIM this year, Nicols says.
Recent developments in the oil and gas industry, notably the final investment decision of US oil company Anadarko-led consortium in Rovuma Area 1 on June 14 will be the biggest attraction of the Maputo International Fair.
“This is an opportunity for Mozambican companies to showcase their potential in multi-level service delivery to the hydrocarbon industry multinationals,” Minister of Industry and Commerce Ragendra de Sousa says. Mozambican firms should accelerate their service provision certification process to this end, he adds. “Without preparation, we run the risk of multinationals importing the raw material to feed their production factories,” Minister Ragendra warned.
The 56th Maputo International Fair will be held under the motto “Mozambique and the World: Broadening the Market, Promoting Investment and Strengthening Partnerships”.Source: Lusa / O País
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