Monday, May 27, 2024

Sasol invests 40 million dollars in local companies

Sasol Mozambique has demonstrated its commitment to local economic development by increasing its investments in Mozambican companies to 40 million dollars. The announcement was made by Hassan Dassat, the company’s senior director of local content, during a panel discussion organized by the Association of International Energy Negotiators (AIEN) in Maputo.

Dassat emphasized the importance of Sasol’s ongoing partnership with the Mozambican government, highlighting the positive impact of investing in local capacity building: “With a plan based on strategic principles, Sasol not only achieves its financial goals, but also contributes to the establishment of a sustainable business infrastructure in Mozambique.”

Sasol’s local content plan went through careful stages, resulting in the investment of 40 million dollars. Dassat explained: “We carried out an in-depth study of the local market, defining parameters that drove the joint growth of Sasol and Mozambican companies in the sectors identified as crucial for the national economy.”

The senior director stressed that the strategy, which went beyond the initial five-year horizon, was adapted to meet Mozambique’s emerging needs, reflecting Sasol’s dedication and its vision for the future.

Addressing the impact of the investments, Dassat mentioned that the aim is to enable local companies to compete globally. “It’s an investment that represents confidence and a vote of credit in Mozambique’s economic future,” he concluded.

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