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Standard Bank supports fourth edition of the Financial Times Summit in Mozambique

The diversification of the country's economy and the introduction of reforms for its sustainable growth are the themes that will dominate the debates of the fourth edition of the Financial Times Summit in Mozambique, to be held in September 11, in Maputo, supported by Standard Bank.

This is an event that will bring together ministers from strategic sectors, politicians and national and international businessmen, and that will take place at a time when the country is preparing to receive large amounts of investment associated with gas exploration in the Rovuma basin in Cabo Delgado.

For this edition the summit will have as its theme “Building Resilience for Long-Term Growth”, given the need and relevance of the debate on reforms and solutions that can enable sustainable economic growth, turning current challenges into opportunities.

For Standard Bank, the support given to the Financial Times Summit in Mozambique aims to promote of the country as one of the world's leading investment destinations, now driven by the announcement of final investment decisions by consortia of natural gas exploration, led by multinationals Anadarko and Eni.

“This summit, rather than being a showcase for exposing Mozambique's potential to the world, also serves as a platform for local entrepreneurs to engage in international trade”, said Chuma Nwokocha, Standard Bank Managing Director in Mozambique.

On the occasion, Chuma Nwokocha explained that Standard Bank's support is part of the Bank's initiatives to develop the country and the continent, by attracting investments being the largest African bank in terms of assets. “It is a duty for us to support such initiatives and we look forward to contributing to putting Mozambique on the map of the world's top investment destinations.”

In addition to supporting the event, Standard Bank will take part on two panels, one on the oil and gas sector, and one on women's presence in business and the global economy. The bank will be represented respectively by its managing director, Chuma Nwokocha and Standard Bank Group Executive Director for the African Region, Sola David-Bora.

In the oil and gas panel, Standard Bank will share its experience in the sector and contribute to the debate on how the country can make the most of ongoing investments.

Also with regard to the summit, the Government, through the Ministry of Economy and Finance, states that the summit has contributed, since its first edition, to the debate on

topics relevant to the growth and development of our economy, bringing together different speakers, both national and international.

“This event allows companies and entrepreneurs, local and foreign, to interact and study and evaluate the different opportunities that our economy offers in order to continue to walk the path of sustainable development”, said Rogério Nkomo, Director of Institutional Coordination of the Ministry of Economy and Finance.

On its part, Financial Times Live, the organizing entity, expects about 250 people to attend the summit, including national and international speakers and businessmen.

“We hope it will be an excellent event, as in previous editions. Ministers from the country's structural sectors will be present, such as Industry and Commerce (Ragenda de Sousa), Mineral Resources and Energy (Ernesto Max Tonela), Agriculture and Food Security (Higino Marrule), Public Works, Housing and Water Resources (João Machatine), Gender, Child and Social Action (Cidália Chaúque), among other leading figures. Our expectation is to contribute to the development of the country, which is what we all want”, said Reda Sebatta, Financial Times Live representative.


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