SA firms showcase at Maputo fair

Maputo,

City of Maputo, Mozambique

by MTHULISI SIBANDA
JOHANNESBURG – A delegation of South African companies is in Mozambique to showcase their products and services at the 50th Jubilee of the Feira International de Maputo (FACIM) Fair.

The 29 companies are participating in the fair, which kicked off on Monday. The delegation comprises 19 small, medium and micro-sized enterprises, four historically disadvantaged companies and six emerging exporters.

The Department of Trade and Industry (dti) organised the trip with the aim of participating in FACIM to tap into the growing Mozambican market in the transport and communication industries.
South African companies are seen as having the capability to supply services and capital equipment.

“Mozambique is one of South Africa’s Top-5 trading partners in Africa and we want to expand our market share to enable our companies to compete with other countries that have since made substantial inroads into the country,” said the dti’s Economic Counsellor in Mozambique, Matome Kgowedi.

The director of Export Promotion at the dti, Dr Julius Nyalunga, said Mozambique was one of South Africa’s most important strategic countries with relation to the Trade and Investment South Africa’s diversification strategy on Africa.

“It is one of the countries that we are targeting with the understanding that it is amongst the ten fastest growing economies in the world, and that it has signed a number of Memoranda of Understanding (MoU) with South Africa that seek to strengthen trade relations,” said Nyalunga.

He further said that they want to increase the market share of South African companies in Mozambique.

“We also intend to increase South African outward investment into Mozambique, but it is interesting for us to understand that if we are not going to aggressively participate in Mozambique, there is going to be a challenge because role-players from the world over are here and they are trying to get a foothold into Mozambique’s market.”

The purpose of FACIM is to promote commercial activities, stimulate production and consumption, and enhance the economic integration of Mozambique in the world economy.

FACIM runs from today until Sunday.

– CAJ News

 

 

 

 

 

Short URL: http://cajnewsafrica.com/?p=1212

Posted by on Aug 25 2014. Filed under Finance, Finance & Banking, Investing, Investing. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

CAJ News Sponsored Links

Commonwealth Technology Organisation

Connect to CAJ News on Facebook

Subscribe to our Newsletter

Photo Gallery

Log in
All material © CAJ News Africa. Material may not be published or reproduced in any form without prior written permission.