Posted: November 27, 2019
Deputy Minister Gina Arrives in Mozambique to Lead Outward Trade and Investment Mission
|The Deputy Minister of Trade and Industry, Ms Nomalungelo Gina has arrived in Mozambique where she will be leading the second leg of the Outward Trade and Investment Mission organised by the Department of Trade and industry (the dti). The mission started in Pemba on Monday and proceeds to Maputo today where it will kick off with a South Africa-Mozambique Business Seminar tomorrow. The objective of the mission is to increase bilateral trade and investment between South Africa and Mozambique by exposing South African companies to opportunities available in Mozambique.
Deputy Minister Gina, the Mozambican Minister of Industry and Commerce, Mr Ragendra Berta de Sousa, and the South African High Commissioner to Mozambique, Ambassador Mandisi Mpahlwa will address the seminar. A South African delegation comprising of more than 40 private and public sector representatives is participating in the mission.
Information on various aspects of the Mozambican economy such as the business environment, local content and opportunities for South Africa-Mozambique partnerships, infrastructure development, and an update on the liquefied natural gas (LNG) projects in the Cabo Delgado Province will be shared at the seminar. One-on-one business-to-business meetings where the Mozambican and South African business representatives will get an opportunity to discuss opportunities for possible partnerships and joint ventures that could be rolled out in order to increase trade and investment between the two countries will follow the seminar.
Mozambique is South Africa’s third largest trading partner on the continent. Total trade between the two countries has remained strong over the past five years, growing from R43.9 billion in 2013 to R52.4 billion in 2018. South African companies, state-owned enterprises (SOEs) and small, medium and micro enterprises (SMMEs) have invested across a broad spectrum of sectors in Mozambique to the tune of R90 billion between January 2003 and March 2019.
Gina says the mission is an ideal platform for South African companies that would like to export value-added products and services, as well as those that are seeking investment opportunities in Mozambique.
“This mission is part of South Africa’s economic strategy for Africa, which is premised on the development integration approach focusing on advancing the priorities for Africa as set out in the country’s Re-imagined Industrialisation Strategy, and the Integrated National Export Strategy (INES),” says Gina.