Mozambican business people in Jakarta regard IORA Business Summit as “positive”

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Mozambican business people in Jakarta regard IORA Business Summit as “positive”

9:19 CAT | 07 Mar 2017

FICCI - Federation of Indian Chambers of Commerce & Industry. Twitter

The group of Mozambican business people who attended Monday’s Business Forum of the Indian Ocean Rim Association (IORA) in Jakarta have declared their readiness to meet the challenges of the organisation.

They told Mozambican reporters that their participation in the Forum was “opportune and positive’, in that they had made contact with colleagues from other IORA member countries, and this could lead to the establishment of partnerships in various areas of economic activity.

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Munir Sacoor, of the Mozambican electrical company Testop, said he expected partnerships of mutual benefit to be agreed. “So far everything is moving ahead positively”, he said. “We shall now bank on the industrialization of Mozambique. Once we have our own industries, we shall save foreign exchange currently spent on imports”.

“We shall embark on an industrialisation project so as to provide more jobs for Mozambicans”, he said. “We have to be a country of the future”.

But Sacoor gave no details of this industralisation project which he admitted would take several years to implement.

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A second businessman, Imram Gulam, said he had come to Jakarta to promote the name of Mozambique. “Just as President Filipe Nyusi is doing, our task is to look for partnerships here so that, together with local Indonesian businesses, we bring the technology they possess, for example in the area of coconut processing, where they have a lot of experience”.

The challenge, Gulam said, is to convince businesses from Indonesia and other IORA members to invest in Mozambique. “Today (Monday) we had contacts with several business people. We think we will be able to bring some of them to Mozambique, in the area of industrialization”.

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The Confederation of Mozambican Business Associations (CTA), the representative body of Mozambican employers, considered participation in the forum as “positive”. The CTA Deputy chairperson, Agostinho Vuma, said “our great objective was to sign the joint declaration among the members of this association to accompany a series of actions which can put into practice the development of the Mozambican economy in a sustainable manner, and also with an impact on the lives of citizens”.

Source: AIM