Africa-Press – Mozambique. Mozambican and foreign businesspeople are meeting from this Wednesday in Maputo for the 19th Annual Private Sector Conference (CASP), which will discuss projects worth more than €1.1 billion.
According to the Confederation of Economic Associations of Mozambique (CTA), which is organising the conference in conjunction with the Mozambican government, the aim is to reflect “on the progress and challenges of the Package of Economic Acceleration Measures (PAE)” and to “debate” the conditions in the business environment in order to “make the country more competitive”, with 80 foreign businesspeople attending.
With the motto “Investment and Business in the Environment of Economic Acceleration Measures: Challenges and Opportunities”, the XIX CASP expects more than 4,000 face-to-face and 20,000 virtual participants over three days, including national and foreign entrepreneurs and investors, financial institutions, cooperation partners, multilateral institutions and members of the government.
“More than 40 national and foreign speakers have been confirmed and delegations from more than 12 countries, such as Mauritius, South Africa, Angola, Brazil, Portugal, the Netherlands, France, Italy, Zimbabwe, among others,” says the same information, adding that in the business rooms “projects from various sectors will be discussed,” valued at around US$1.2 billion (€1.112 million).
It also mentions that more than ten national and international financial and development institutions have already been confirmed, namely the African Development Bank (AfDB), which will promote the Lusophone Compact Programme financing line, Trade Development Bank (TDB),the African Export–Import Bank ( Afreximbank), YW Capital, Development Bank of Southern Africa (DBSA), Portuguese Cooperation Business Fund (FECOP) and the International Islamic Trade Finance Corporation (ITFC).
It is also planned that “other financial institutions will take part, presenting various financing programmes and facilities, ranging from US$250,000 to US$10 million”, explains the CTA.
During the conference there will be a “Market Place”, a forum for “facilitating meetings between producers and potential buyers” to promote “direct negotiations with industries that consume raw materials”.
During CASP there will be bilateral sessions “dedicated to dialogue and the promotion of partnerships and business with Mozambique’s strategic countries”, to attract investment, namely with Brazil, Portugal, France (with a delegation of 14 companies from the energy sector) and the European Union.
“One of the innovations of this edition of CASP is the fair dedicated to the property market with a view to stimulating this sector (…) on the incorporation of local materials in the construction sector,” concludes the CTA.
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