Final Proposal on Local Content Law in Mozambique sees no private sector consensus
Picture: A Verdade
The diversification of the country’s economy and the introduction of reforms for its sustainable growth are the themes that will dominate the debates at the fourth edition of the Financial Times Summit in Mozambique, to be held in Maputo on September 11 with support from Standard Bank.
The event that will bring together ministers from strategic sectors, political personalities and national and international business people, at a time when the country is preparing for significant investments associated with gas exploration in the Rovuma Basin in Cabo Delgado.
Given the need and relevance of the debate on reforms and solutions to enable sustainable economic growth and turn current challenges into opportunities, this edition of the summit will take as its theme, “Building Resilience for Long-Term Growth”.
For Standard Bank, supporting the Financial Times Mozambique Summit is a way to promote the country, establishing it as one of the world’s leading investment destinations, now further supported by the announcement of final investment decisions by natural gas exploration consortia led by multinationals Anadarko and Eni.
“This summit, as well as being a showcase for Mozambique’s potential, also serves as a platform for local entrepreneurs to engage in international trade,” Chuma Nwokocha, CEO of Standard Bank, explains. Standard Bank’s support is part of its efforts, as the largest African bank in terms of assets, to develop the country and the continent by attracting investment.
“It is our duty to support such initiatives, and we look forward to helping put Mozambique on the map of the world’s top investment destinations,” Nwokocha says.
In addition to supporting the event, Standard Bank is bringing joining two panels, one on the oil and gas sector, and one on women’s presence in business and the global economy. The bank will be represented by its managing director Chuma Nwokocha and Standard Bank Group executive director for the African Region, Sola David-Bora.
In the oil and gas panel, Standard Bank will share its experience in the sector and contribute to the debate on how the country can make the most of ongoing investments.
The Mozambican government, through the Ministry of Economy and Finance, states that it has contributed, since the summit’s first edition, to the debate on topics relevant to the growth and development of our economy, bringing together different panellists and speakers, both domestic and international.
Source: A Verdade