Mozambique: Absa and Barloworld host Business Breakfast for the Mining and Construction sector

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Mozambique: Absa and Barloworld host Business Breakfast for the Mining and Construction sector

3:20 CAT | 30 Jun 2023

Photo: Supplied

Absa Bank and Barloworld Equipment Mozambique held a business breakfast this Thursday (29-06) under the motto, “Market Solutions for the Mining and Construction Sector”.

The event was attended by representatives of companies from various sectors of activity, but mainly from the mining and construction sectors, with the main objective of presenting solutions for the market and addressing the prospects and evolution of these sectors in Mozambique, as well as reinforcing the partnership relationship between these two institutions.

During the event, Patricia Darsam, Director of Corporate and Investment Banking at Absa Bank Mozambique, highlighted the importance of this type of partnership to boost local business

“We have an unwavering commitment to supporting the development of critical sectors such as mining, infrastructure and logistics,” she said. “Our aim is to create innovative solutions, identify and maximise opportunities, and establish strategic partnerships to accelerate the growth of these vital sectors and their value chains.”

In turn, Ernesto Gouveia Gove Jr., the Bank of Mozambique’s Chief of Staff, presented an overview of the country’s economic panorama, highlighting potential opportunities. He stressed that “the mining and construction sectors are fundamental for the nation’s growth. It is necessary for us to capitalise on our vast range of commodities and exploit our resource wealth to ensure stability and resilience”.

Still during his presentation, Gove noted that Mozambique has one of the largest deposits of graphite in the world, a key component for electric vehicle batteries, which demonstrates the importance of the country in the global green transition and in the advancement of sustainable transport.

Absa Bank Mozambique develops and offers individual, commercial and business banking solutions that meet the needs of its customers, reinforcing its commitment to supporting the development of the various sectors of activity, seeking solutions and creating opportunities for the establishment of strategic partnerships to boost the growth of vital industries.

Source: Absa Bank Moçambique / Media Release