Maputo hosts Mozambique-Rwanda Business Forum

The Mozambique Chamber of Commerce (CCM) and the Private Sector Federation (FSP) of Rwanda, will hold from May 24th to 26th, of the current year, in Maputo, starting at 08:00 AM the Mozambique-Rwanda Business Forum.

The Business Mission coming from that country aims to promote investments, commercial partnerships and cooperation between investors, increase competitiveness, improve market access, increase the export base of goods and services and also ensure the profitability of both countries.

The event will also facilitate the identification of new opportunities in the sectors of Tourism, Agribusiness, Renewable Energies, Information and Communication Technologies, Infrastructure, Mineral Resources, Textile Industry, Oil and Gas.

The three-day Forum will be attended by representatives from the Rwandan and Mozambican Private Sector, the Ministry of Foreign Affairs and Cooperation Rwanda Embassy in Mozambique and the Ministry of Trade and Industry.

Also, the program of the Business Delegation includes exhibitions, business presentations, meetings (B2B) with private sector actors from Mozambique to discuss processes, regulations and incentives to invest in both countries.

CCM and FSP Rwanda expect that through extensive networking sessions participants will explore and identify new opportunities for trade, investment, and find partners for joint business projects.

Standard Bank promotes innovative businesses for women

In partnership with the German Development Cooperation (GIZ), Standard Bank promotes, between next June 20th and 24th, the 20th edition of #Ideate, a program to stimulate entrepreneurship and development of innovative businesses to solve challenges.

Like the previous one, this edition is dedicated exclusively to women.

To materialize this initiative, which aims to train 150 women entrepreneurs or aspiring entrepreneurs, between May 16 and 29, there will be a free registration process, through the social networks of Standard Bank.

Given the intention to train women entrepreneurs or aspiring entrepreneurs, the promoters of #Ideate encourage applications from women who have ideas or innovative businesses in the areas of green economy, recycling, among others.

Tete to export 50,000 tons of manganese per month to Asian countries

The province of Tete foresees to start this year the monthly export of fifty thousand tons of manganese. The resource, whose exploration project is taking place in the district of Changara, will have as main destinations the markets of India, China and Thailand.

According to the representative of the company executing the project, Enterpraise Group Investment, the beginning of the exportation initially foreseen for next month, is dependent on the arrival of part of the machinery for the transformation of that resource.

Matos also said that copper processing, another ore that abounds in Tete province, is projected to begin this year.

CTA and Argentina seek markets for wheat supplies

The Ambassador of Argentina in Mozambique, Juan Jorge Nunes, held this Tuesday (May 24, 2022), a meeting with the Confederation of Economic Associations of Mozambique (CTA), where the parties agreed to cooperate in the search for markets and stability of wheat supply, as well as to increase the volume of trade between the two countries.

Trade relations between Mozambique and Argentina currently do not exceed 60 million U.S. dollars, combining exports and imports. Of this trade volume, 95% corresponds to imports of food products such as wheat and cooking oil, which total 52 million U.S. dollars.

Mozambique’s exports are summarized in furniture and its components, plastic works, books, carpets, knitted clothes for women, curtains, blinds, tableware, household items, glass mirror, among others.

“From the type of exports, it is clear that we can do more. One can notice that the Argentinean market has an appetite for Mozambique’s decoration, beauty, and art products. The example of this is in furniture, where Mozambique processes wood products, porcelain, and clay, which is very appreciated in Argentina,” said Agostinho Vuma, President of CTA.

The two parties agreed to organize B2B with Argentinean businessmen interested in acquiring this type of product in order for Mozambique to expand its market.

The passenger car market is attractive to Mozambicans and can be one of the driving forces of trade, and it is necessary to find financial instruments to support bilateral trade between companies from Mozambique and Argentina.

Mozambique is one of Argentina’s main markets, particularly for wheat, and it is intended to work on promoting partnerships for the production and development of cereal value chain. As a private sector, CTA has proposed the signing of bilateral agreements between governments for the supply of these products at stable prices.

Matola Terminal receives second train of coal from Botswana

Grindrod’s Matola terminal at the Port of Maputo says it has received its second train of coal from Botswana’s Morupule Mine.

The terminal was also able to successfully unload the 50 wagons using the terminal’s tippers. (Fortunately, the tippers are compatible with the Botswana wagons.)

It is anticipated that the corridor could realize an annual export volume of 350,000 tons to 400,000 tons of coal from Botswana.

Botswana is trying to develop a number of new coal mines, but because it is a landlocked country, it requires an efficient and economical cross-border export route.

Extractive industry must be the driving force of industrialization

The Minister of Economy and Finance, Max Tonela, defended during the opening of the 8th edition of the Mozambique Mining, Oil, Gas and Energy Conference and Exhibition (MMEC 2022), transparency in the exploitation of natural resources aimed at promoting the social and economic development of the country.

“The exploitation of this potential must be done in a transparent way so that its benefits contribute, in the first place, to the elevation of the lives of Mozambicans, today and tomorrow,” said Max Tonela.

For the extraction of natural resources to be put at the service of the prosperity of Mozambicans, the executive is betting on strategies that promote the industrialization of the country and the participation of the national private sector in the value chain.

“We want the extractive industry to be the driving force of national industrialization, ensuring that our resources can be transformed into high value-added products, promoting more employment and boosting the domestic market and exports,” stressed the Minister of Economy and Finance.

Max Tonela said that the Government has taken several measures to eliminate barriers to investment, ensure transparency and guarantee a greater participation of the national and foreign private sector in the exploration of energy resources.

Natural gas puts Mozambique in a privileged place in the global market

The Director of Projects and Development at the National Petroleum Institute, Nazário Bangalane, argues that Mozambique’s natural gas can be used as an alternative in the world energy transition process.

Nazário Bangalane was speaking to Radio Mozambique after participating in a panel that discussed in Stockholm, Sweden, the theme “Just Transition – The Path to a Healthy Planet for the Prosperity of All”.

“Studies point out that natural gas, in fact, will continue to play a fundamental role for a considerable period, taking into consideration that we are dealing with a less polluting hydrocarbon. Therefore, the great discoveries of natural gas in the Rovuma basin assure a privileged place for Mozambique in the global market and its commercialization is opportune, using this window of energy transition that is being talked about worldwide and mainly here in this Stockholm conference”, he stated.

Bangalane also mentioned that the oil companies operating in Mozambique have joined global initiatives for the elimination or reduction of carbon emissions into the atmosphere.

A report by the research company Bloomberg, states that global investment in the energy transition totaled a record seven hundred and fifty-five billion dollars in 2021.

The same document stresses that to achieve carbon neutrality goals, investments must be tripled by two thousand and twenty-five.

The Stockholm International Climate Conference, an event co-organized by the governments of Kenya and Sweden, ended this Friday.

More than 80,000 solar home systems have been assembled in the country

As part of the implementation of the BRILHO Program, SNV Mozambique has achieved by the first quarter of 2022 the installation of over 81,000 solar home systems and close to 30,000 improved cooking solutions from Rovuma to Maputo, representing a total of 550,000 Mozambicans in all provinces with access to electricity and thermal energy.

These data were presented by Javier Ayala, Energy Sector Leader of SNV Mozambique and Manager of the BRILHO program, at the Joaquim Conference Center, during the 8th Edition of the Mozambique Mining, Oil & Gas and Energy Conference and Exhibition (MMEC),

SNV believes that the private sector has a crucial role in achieving the goal of universal energy access by 2030. In this regard, it financially and technically supports business initiatives in order to mitigate risk and accelerate business initiatives that aim to achieve competitive commercial returns and provide affordable, quality energy solutions in emerging off-grid markets.

The SHINE Program as part of its mandate supports the creation and improvement of the business environment in the off-grid energy sector. In 2021, the program under the leadership of the Government of Mozambique (GoM), represented by MIREME, ARENE and FUNAE, supported the development of Mozambique’s first Off-Grid Energy Access Regulation, approved by the President and Council of Ministers through a national decree on September 14, 2021. Currently the program’s efforts in this area are focused on the development and operationalization of complementary technical regulations.

Launched in 2019, the program has funding of around £29.3 million from the UK’s Foreign, Commonwealth & Development Office (FCDO) and the Swedish International Development Cooperation Agency (SIDA) and aims to stimulate private sector provision of quality and affordable off-grid energy products and services to improve the lives of low-income people in Mozambique.

It is expected that with program by 2024, Mozambique will have access to quality energy through: Improved Cooking Solutions, including improved biomass kitchens, biogas, ethanol and electric stoves, benefiting 975,000 people; Off-Grid Electrification Solutions, including Solar Home Systems (SHS) and Mini Green Grids (GMG), benefiting 920,000 people; And Productive Use of Off-Grid Energy Solutions, benefiting 17,000 small commercial businesses.

About SNV Mozambique

SNV, Dutch Development Organization is an NGO that works directly with vulnerable communities as well as with government and the private sector in 24 countries, aiming to increase people’s income and access to basic services in the Agriculture, Energy and Water sectors. Present in Mozambique since 1995, SNV has impacted more than 6 million people throughout the country.

Implemented by SNV, SHINE is a 5-year program, with national coverage, that will catalyze the off-grid energy market in Mozambique by promoting and supporting business initiatives that can provide clean and affordable energy solutions to the population and businesses in a competitive and sustainable manner. BRILHO is funded by the Foreign, Commonwealth & Development Office (FCDO) and the Swedish International Development Cooperation Agency (SIDA).

Mozambican businessmen want US private sector partnerships

Mozambican businessmen are seeking partnerships with the American private sector in order to make possible several investment projects valued at about 43 million dollars in the country.

It is with the eyes set on achieving this goal that Mozambican businessmen, represented by the Association of Young Entrepreneurs (ANJE) took part in the World Franchising Conference in New York, in the United States of America.

The President of ANJE, Lineu Candeeiro, says that, in this perspective, a delegation of American businessmen will be in Mozambique, this semester, to evaluate the conditions of investment in order to sign the referred partnerships.

Lineu Candeeiro says that most of the existing projects are from young entrepreneurs who intend to implement or represent American brands and products in Mozambique.

The World Franchising Conference brought together in New York representatives of more than two hundred brands from around the world to share experiences on the assignment of patents.

Oil and gas: Mozambique could collect up to $100 billion in revenues

The representative of the National Petroleum Institute (INP), Natália Camba, speaking at the Conference and Exhibition on Mining, Oil, Gas and Energy, advanced that in a horizon of 20 years, Mozambique may collect, in revenues, up to 100 billion dollars.

Camba argues that the banking sector should create subsidized credit lines, so that Small and Medium Enterprises (SMEs) can respond to opportunities in the oil and gas sector.

In recent years alone, the sector has raised about $50 billion, and the appetite of SMEs for opportunities in the oil and gas industry is growing.

The National Petroleum Institute, also calls on banks to actively finance domestic companies to be eligible to be part of the natural gas chain.

“Credit is high, so the bank has an important role in this process of access to financing, and there are many options carried out by many entities in which the bank participates, creating some working capital,” clarified the INP representative.

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Maputo hosts Mozambique-Rwanda Business Forum

Standard Bank promotes innovative businesses for women

Tete to export 50,000 tons of manganese per month to Asian countries

CTA and Argentina seek markets for wheat supplies

Matola Terminal receives second train of coal from Botswana

Extractive industry must be the driving force of industrialization

Natural gas puts Mozambique in a privileged place in the global market

More than 80,000 solar home systems have been assembled in the country

About SNV Mozambique

Mozambican businessmen want US private sector partnerships

Oil and gas: Mozambique could collect up to $100 billion in revenues

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