Market Focus : Mozambique

• Thursday 22 April 2021 17:00-18:30
• Online
• Organisation : CCIG in partnership with the Embassy of Mozambique in Geneva and Mrs Leta Almestad

• Thursday 22 April 2021 17:00-18:30
• Online
• Organisation : CCIG in partnership with the Embassy of Mozambique in Geneva and Mrs Leta Almestad

Having enjoyed sustained economic growth in recent years and living a time of change, Mozambique is a developing economy which presents good prospects for international investments.

The country's economy has experienced an average annual growth rate of 7% over the past 10 years. The Economist Intelligence Unit indicates a slowdown in 2019 and 2020, due to the cyclones that devastated the country and the world Covid-19 pandemic, but forecasts for the years to come are rather optimistic, pointing at a possible average annual growth of 5,3% between 2021 and 2023.

Currently, Mozambique’s economic and social development is still very dependent on foreign investment flows from countries such as Portugal, Germany, South Africa, China, Russia, India, Japan, Thailand or South-Korea, as well as from organizations such as the World Bank and the European Union. Germany – through the German Development Bank – is one of the main investors in Mozambique, primarily in the fields of education, agriculture and the private sector. According to the United Nations Conference on Trade and Development (UNCTAD), foreign direct investment in Mozambique amounts to $ 2 billion per year, on average.

The abundance of natural resources, including hydropower potential, natural gas and petroleum reserves, coal and other mineral deposits, combined with Mozambique's geostrategic position in Southeast Africa, holds immense potential in itself. A study by energy consultant Wood Mackenzie reveals that in the next 10 years, Mozambique might become the third largest producer of oil and gas in Sub-Saharan Africa. In the medium run, it might join the ranks of developed countries provided that strategic management of its natural resources is successfully conducted.

In this respect, Switzerland and Swiss companies could seize the opportunity to become partners in the economic and social development of Mozambique, namely in the construction of infrastructure and accessibility, in the industrialization of the economy, in the improvement of the education system and in the exploitation of natural resources.

Programme :

This Market Focus is organized by the CCIG in partnership with the Embassy and Permanent Mission of the Republic of Mozambique in Geneva and Mrs Leta Almestad, Economic and Political Consultant.

The event is free but the registration is mandatory. The event will be via Zoom and the link will be sent to participants few hours before the conference.