Mozambique’s economic prospects are promising, with real GDP growth of 4.1% in 2022 and projected to rise to 6.5% in 2023, according to Fitch Solutions forecasts. The country is poised for significant transformation with robust governance and diverse comparative and competitive advantages, positioning it at the forefront of economic prosperity.
Under the patronage of His Excellency Filipe Jacinto Nyusi, President of the Republic of Mozambique, The Arab Investment Forum, organized by the Agency for the Promotion of Investment and Exports (APIEX) in partnership with Al-Iktissad Wal-Aamal Co., is set to take place in Maputo on July 24-25, 2024 to provide an exclusive opportunity to explore Mozambique’s dynamic investment landscape. Hosted by the Government of Mozambique and bolstered by support from the Arab Bank for Economic Developments in Africa (BADEA), this forum promises a unique opportunity for in-depth exploration and engagement.
Unveiling Mozambique’s Potential: A Business Perspective
Mozambique’s strategic location as a gateway to the Southern African Development Community (SADC) provides essential infrastructure such as ports, railways, pipelines, and roads for landlocked SADC countries.
Mozambique’s economic growth is primarily driven by its Liquefied Natural Gas (LNG) sector, with Eni’s inaugural export from the Coral South project highlighting its global energy presence. With investments from major companies like Eni, ExxonMobil, and TotalEnergies, Mozambique ranks third globally.
Mozambique offers over 80 investment opportunities in resource extraction and energy, with infrastructure development being a priority. Private sector participation is crucial for unlocking Mozambique’s potential. Upgraded ports and airports enhance logistics, trade, and regional connectivity positioning the country as a strategic logistics hub. Mozambique’s tourism potential includes historical sites, beachfront properties, wildlife reserves, and integrated resorts. The nation’s rich tapestry of historical, cultural, coastal, and natural attractions awaits exploration.
A Unique Opportunity to Connect and Explore
Arab investors at the Arab Investment Forum in Mozambique have the opportunity to meet Mozambique’s leadership in person and engage in discussions on 80+ investment opportunities over two days. They may even have the exclusive chance to visit sites and facilities related to these opportunities. The forum promises a transformative journey, opening doors to a future of prosperity and growth. Investors are invited to attend, and stay tuned for further details and updates.
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Schedule:
- Arab Investment Forum – Mozambique Day 1 July 23, 2024
- Arab Investment Forum – Mozambique Day 2 July 24, 2024
Opening Ceremony
Welcome Notes:
H.E. Vicente Joaquim, Secretary of State at Municipality of the City of Maputo
Intervention by the Private Sector Representative
Mr. Álvaro Massingue – President of the Mozambique Chamber of Commerce
Intervention by the Representative of the Arab Bank for the Economic Development of Africa
H.E. Dr. Sidi Ould TAH, President of BADEA
Intervention by His Excellency Minister of Industry and Trade
H.E. Silvino Augusto José Moreno, Minister of Industry and Commerce
Opening Speech by His Excellency President of the Republic of Mozambique
H.E. Filipe Jacinto Nyusi, President of the Republic of Mozambique
Panel 1: Prospects for Economic Development in Mozambique
The Mozambique's economy had a positive recovery with GDP growth of around 4.1% in 2022 and is expected to reach 6% in 2023. The outlook is to continue growing in 2024, maintain positive acceleration in the medium term until 2025, despite global adversities. The Government has a national development plan in which it aims to promote the private sector as a driver of growth and is supported by sectoral strategies.
Key Topics:
- Explore factors behind Mozambique's positive GDP growth and projections for 2024-2025
- Highlight the National Development Strategies emphasis on the private sector for economic growth.
- Discuss how industry, agriculture, and energy sector strategies contribute to overall economic development.
- Outline Mozambique's investment policy and incentives for attracting investments.
- Examine the government's active role in fostering growth, addressing sustainability and challenges.
Moderator:
Mr. Pedro Frederico Cossa, President of AMECON
Speakers:
H.E. Amilcar Paia Tivane, Vice-Minister of Economy and Finance
Mr. Gil Bires, General Director of APIEX, IP 
Mr. Luís Magaço Jr., President of ACIS
Coffee Break and Networking
Panel 2: Investment Opportunities in the Agribusiness Sector
Agricultural development and food security remain a priority on the agenda of Mozambique's economic plans and remain a global opportunity. The sector in Mozambique is dominated by Micro, Small and Medium Enterprises (MSMEs).
Key Topics:
- Explore the significance of agriculture in Mozambique's economic plans
- Discuss the role of MSMEs in the agricultural sector and address challenges they face.
- Highlight key investment opportunities within the agricultural value chain.
- Examine challenges related to financing, knowledge, and market access in the sector
Moderator:
Mr. Antonio Limbau, Agribusiness Expert
Speakers:
H.E. Olegário Banze, Vice Minister of Agriculture and Rural Development
Mr. Ilídio Bande, General Director of IAM, IP
Ms. Adélia Magaia, General Director of FAR, FP
Mr. Izakc Holtzhausen, Representative of Niassa Macadamia Lda
Lunch Break
Panel 3: Investment Opportunities in the Industrial Sector
Key Topics:
- Discuss the National Programme to Industrialize Mozambique (PRONAI) and its implications.
- Examine the strategic use of the abundant energy resources to attract manufacturing investments.
- Highlight profitable sectors within the country’s industrial landscape taking advantages of the Government's IFZ status for export-oriented manufacturing.
- Explore how partnerships contribute to the sustainable growth of the industrial sector.
Moderator:
Mr. Jaime Comiche, UNIDO Representative in Mozambique
Speakers:
H.E. Silvino Augusto José Moreno, Minister of Industry and Trade
Mr. Sidónio dos Santos, National Director of Industry – MIC
Mr. Marcos Correia, Businessman and Associate of AIMO
Mr. Onório Manuel, Executive Director of MozParks
Mr. Kalid Abdul Latif, Group CEO of Midal Cables International Lda
Mr. Tunísio Camba, ZEPA Project Coordinator
Panel 4: Investment Opportunities in the Infrastructure Sector
Mozambique is the key point of energy interconnection and logistical transshipment in Southern Africa, with its integrated road and rail infrastructure and energy network (Electricity and Petroleum products) that is connected to the neighboring countries.
Key Topics:
- Offer insights into the current state of the infrastructure market in Mozambique, including regional trends, market dynamics, and potential challenges
- Discuss Mozambique's pivotal role as a hub for energy interconnection and logistical trans-shipment in Southern Africa highlighting the integrated road, rail, and energy infrastructure.
- Bring attention to unique investment opportunities in upcoming infrastructure ventures.
Moderator:
Mr. Senhor Elias Paulo, Director General of ANE
Speakers:
Mr. Fernando Sebastiao Ouana, National Director at Ministry of Transport and communications
Mr. Américo Dimande, National Director of Studies and Projects at MOPHRH
Mr. Said Junior, Executive Board Member of ADM
Mr. Cristian Moeder, Director General of DP World Maputo
Final Considerations of Day 1
H.E. Silvino Augusto José Moreno, Minister of Industry and Commerce
Panel 5: Investment Opportunities in the Tourism Sector
Tourism plays a crucial role in Mozambique's economic development by fostering local economies, creating jobs, and establishing intersectoral connections. The country's 2,800 Km of pristine coastline, rich underwater biodiversity, and tropical flora and fauna, coupled with the warm hospitality of Mozambicans, contribute to its tourism appeal.
Key Topics:
- Discuss tourism's role in economic development
- Explore opportunities for coastal and marine tourism experiences in Mozambique.
- Investigate synergies between Mozambique's biodiversity and cultural heritage, exploring sustainable ecotourism prospects.
- Highlight existing tourism investment incentives, government support, and strategies for ensuring sustainability.
Moderator:
Mr. Eduardo Sengo, Executive Director of CTA
Speakers:
Mr. Jeremias Manussa, Advisor to the Minister of Culture and Tourism
Mr. Zacarias Sumbana, Tourism Development Specialist
Mr. Richard Baule, Director-Geral of INATUR
Panel 6: Investment Opportunities in the Energy and Mineral Resources Sector
Mozambique has an abundant potential for energy resources, including hydropower, natural gas, coal, biomass and renewable energy, which can place the country in a prominent position to respond not only to domestic demand, but also to regional and international demand.
Key Topics:
- Explore Mozambique's abundant potential for Energy Resources.
- Present investment prospects in energy generation, upstream activities (exploration and extraction), as well as downstream activities (refining and distribution).
- Discuss strategies for accessing energy markets at national, regional, and global levels.
- Highlight opportunities and advancements in renewable energy investments
Moderator:
Mr. Pascoal Bacela, Advisor to the Minister
Speakers:
Mr. Antonio Saide, Vice Minister of Mineral Resources and Energy
Mrs. Isália Munguambe Dimene, Chairman of FUNAE, FP
Mr. Tomás Matola, Chairman of HCB
Mr. Ricardo Pereira, President of da AMER
Mr. Samir Sale, Director General of Globelec
Panel 7: Export Opportunities for the Arab Market
Over the past two decades, the Arab market has shown significant demand potential for various products. Regional countries are diversifying their economies away from oil and gas dependence, focusing on infrastructure, telecommunications, and food security. Investments extend to African countries, fostering increased transactions between African and Arab companies. Examples include the expanding presence of chambers like the Dubai Chamber of Commerce in Africa, facilitating business interactions.
Key Topics:
- Explore the transformation of the Arab market, focusing on economic diversification away from oil and gas dependence.
- Examine the investments made by Arab countries, particularly in African nations
- Delve into the expanding business relationships connecting African firms with the Arab world.
- Identify specific export opportunities for Mozambique in the Arab market and discuss effective market entry strategies for businesses.
Moderator:
Mr. Claire Zimba, National Director of Foreign Trade at MIC
Speakers:
H.E. Silvino Augusto José Moreno, Minister of Industry and Trade
Mrs. Victória Daniel, Chairman of BMM, IP
Mr. Abdulla Momade, Chief Representative for Southern Africa at the Dubai Chamber of Commerce
Mr. Hugo Valdec, Advisor - Nova Sun Limitada
Coffee Break and Network
Panel 8: Evolution and Trends of the Financial Sector in Mozambique
The financial sector in Mozambique continues to develop and is dominated by a banking sector with an embryonic capital market of around 20 commercial banks, 10 microbanks, 21 insurance companies, exchange houses, mobile money services, pension funds, savings and credit cooperatives financial institutions. The sector is challenged to respond to the demand for services necessary to boost the business sector, with significant reforms being implemented to consolidate and stabilize the sector, including risk-based supervision by the Central Bank.
Key Topics:
- Examine Mozambique's evolving financial sector.
- Discuss the crucial role played by diverse financial institutions in meeting the demands of the business sector.
- Explore ongoing reforms, such as risk-based supervision by the Central Bank.
- Analyze emerging trends and opportunities for accessing financing, particularly for growing companies and private investments.
- Address strategies to meet the rising demand for financial services in the digital transformation era and foster a more inclusive financial system.
Moderator:
Mr. Elísio Langa, Secretary of the Mozambican Banks Association
Speaker:
Mr. Jamal Omar, Monetary Stability Executive Board Member at Banco de Moçambique
Mr. Salim Valá, Chairman of BVM
Mr. Apogeu Siniquinha, Matching Grants Operational Manager Banco Mundial-IDA/MEF Min of Finance-PLED-ADVZ
Mr. Albino Andrade, Executive Board, Member at Millennium Bim bank
Mr. Montetcho Cedric – Business Development Director at BADEA
Mr. Flávio Soares da Gama, Principal Economist - AfDB Mozambique
Lunch Break
Special Panel: Operational Ventures with Spineoff in Mozambique
Key Topics:
- Natural Gas
- Electricity Generation
- Aluminum Production
- Titanium Minerals
Moderator:
Mr. Antonio Macamo, APIEX advisor
Speaker:
Mr. Ailton Do Rego, Senior Manager Moz Gas Proj Community, Govt Affairs&Licensing
Mr. Pedro Nguelume, Executive Board Member of EDM
Mr. Samuel Samo Gudo, President of Mozal
Mr. Gareth Clifton, Mozambique Manager,Kenmare Resources PLC
Closing Session
- Mr. Zuneid Calumia, vice President of CTA
- Mr. Montetcho Cedric – Business Development Director at BADEA and
- H.E. Silvino Augusto José Moreno, Minister of Industry and Trade
