The dti Leads Black Industrialists On Trade Mission To Mozambique
ENGINEERING NEWS / 05 MARCH 2018 - 14.11 / STAFF REPORTER
The Department of Trade and Industry will (the dti) lead a Black Industrialists (BI) business delegation to Mozambique on a mission to identify and explore trade and investment opportunities from the 4-10 March 2018. The delegation will also comprise of the Developmental Bank of Southern Africa, the Central Energy Fund, Export Credit Insurance Corporation of South Africa, Provincial Developmental Funding Institutions as well as members of the Board Based Black Economic Empowerment Advisory Council.
The Minister of Trade and Industry, Dr Rob Davies says that the mission, is undertaken to address the second pillar of the Black Industrialist Policy, which speaks to Access to Markets both local and continentally.
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“Mozambique forms part of the top-five South African partners on the continent and has since addressed a series of macroeconomic reforms designed to stabilise its economy. These reforms along with its political stability since multi-party elections of 1994 have led to dramatic improvements in its growth rate. It is of the outmost importance that we intensify the strength of our relations, especially in the area of economic cooperation and investment,” says Davies.
Davies further outlines that the trade mission to Mozambiqueis one of several missions that the dti has invested in, to ensure that Black Industrialist participate in Intra-AfricaTrade opportunities, whilst also forging networks and partnerships with relevant businesses and industry associations with the market.
The delegation will participate in a Bilateral Business Forum with the Confederation of Associations of Mozambique(CTA), also partake in business-to-business networking sessions, as well as site visits with government departments and industry associations. The visit will focus on the following sectors, Agro-processing, energy and Economic Infrastructure.
Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER