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Standard Bank at the Africa-United States business summit

Africa’s imminent boom of Liquefied Natural Gas (LNG) and the promotion of industrialization in the consumer goods sector are the topics that Standard Bank will be discussing during the Africa-United States business summit, from 18 to 21 June, in Maputo, under the motto “Reinforcing a resilient and sustainable partnership”.

The first panel will have the participation of Paul Eardley-Taylor, Head of Oil and Gas Southern Africa at Standard Bank, while the second one will have the participation of Standard Bank Mozambique Managing Director Chuma Nwokocha.

The Head of Oil and Gas Southern Africa at Standard Bank will discuss the world-class Liquefied Natural Gas project being developed on the African continent as well as the technologies being deployed to bring gas to the market in a faster way and also the benefits for African countries. It is a venture that offers a real opportunity for countries to become richer nations and large global LNG exporters.

The second panel will discuss companies' strategies to harness the potential of the sector, recapture and surpass the boom of recent years, offer products that meet local demands, increase industrialization and discuss how to deal with factors that affect growth, since the continent's population will double from about 1.1 billion people to 2 billion by 2030. The continent's young and working-age population is boosting this growth, averaging 2.7% each year, more than double of Latin America and Southeast Asia.

Organized by the Corporate Council on Africa (CCA), the event will reflect on the strategies, vision and initiatives to drive increased turnover and investments.

It is a platform between USA and African companies and experts that discusses good practices in agribusiness, health, energy, infrastructure, information and communication technologies and finance sectors.

Along with the President of the Republic, Filipe Nyusi, the summit will be attended by over one thousand delegates, including heads of state (from Kenya, Malawi, Zambia, Swaziland, Rwanda, Namibia and Botswana), business leaders, international investors, government officials and multilateral partners.

It should be noted that the holding of this summit in the country represents a unique opportunity to promote Mozambique's image as a safe and preferential destination for investment, as well as the promotion of public-private partnerships and national companies, especially small and medium-sized companies.

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