28 August – 3 September 2017
Mozambique is a state located in southeast Africa; it has 26 million inhabitants. Its location grants the 800 000 Square kilometre country a position of gateway into the Southern African Development Community (SADC). Mozambique gained independence from Portugal in 1975 and is on its way towards industrialization. A recent study of the International Monetary Fund ranked Mozambique among the 15 fastest growing economies in the world.
Mozambique’s economic growth rate has consistently ranged from 7 to 10% since the end of the 2000’s. It stems from the rising global demand for energy and the discoveries of considerable oil and gas reserves in the country. But as the economy adjusts to lower world commodity prices Mozambique’s growth rate slowed down to 6,2% in 2015 – it is expected to recover gradually by 2017.
After facing liquidity risks during the beginning of 2016 Mozambique’s investors are holding their breath. Not helping this recent insecurity is also the tensions between the ruling party Frelimo and Renamo – the main opposite party. Still Mozambique ranks among the top 5 nations in Sub-Saharan Africa in the Ease of Doing Business Index (behind Rwanda, South Africa, Zambia and Botswana).
Mozambique’s economy brings many new investment opportunities especially when it comes the energy sector. Not only are new investors interested in the high demand for energy and infrastructure projects, but also big on-site companies are planning to invest billions in the next years.
More information about FACIM 2017 in AUMA's trade fair database