Financial Times Summit debates a viable programme for stronger growth and less risk
The second Financial Times summit in Mozambique, which will bring together political and business leaders from the country and the world, will take place in Maputo on November 9th. The opening ceremony of which will be chaired by the President of the Republic, Filipe Jacinto Nyusi.
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The event, which will have Standard Bank as main partner for the second consecutive year, will be held under the motto "Reducing risk in investments through good business practices" and its main objective is to discuss how to take advantage of the country's resources to transform and diversify the economy.
In this conference, several issues will be discussed, for example, where the main opportunities are, in the energy, mining, banking, technology and tourism sectors for international investors and companies established in Mozambique.
A variety of subjects will be addressed by specialist , CEOs and political leaders such as The Minister of Economy and Finance, Adriano Maleiane, the Minister of Mineral Resources and Energy, Leticia Klemens, the Minister of Foreign Affairs and Cooperation, Oldemiro Balói, Governor of the Bank of Mozambique Rogério Zandamela, Executive Administrator of the Standard Bank Group in Africa, Sola David-Bora and Chuma Nwokocha, Standard Bank's Managing Director in Mozambique.
David Pilling, editor of the Financial Times in Africa and Andrew England, content editor for the Middle East and Africa, will be the moderators of the various topics to be addressed at the summit.
Speaking at the press conference that marked the launch of the event, held on Thursday, September 14 in Maputo, the director general of the Investment and Exports Promotion Agency (APIEX), Lourenço Sambo, resulting from the export of Liquefied Natural Gas (LNG) and the change in the Mozambican economy offers real opportunities for investors and international companies.
“This, combined with a young and growing population, emerging resources and vastly unexplored markets, may potentially be the basis for investors to achieve higher Return on Investment (ROI) from the partnerships”, said Lourenço Sambo.
Standard Bank joins the initiative for the second consecutive year due to its commitment to boost the development of the Mozambican economy.
Alfredo Mucavela, head of Standard Bank’s Marketing and Communications department, said that the discovery of one of the most important international natural gas deposits offers significant long-term benefits for Mozambique’s ability to attract investment.
“The fundamental mission of this second annual Financial Times summit in Mozambique is to promote trade and investment in the national industry sectors and to enter new frontiers to help local companies face challenges and opportunities for change through internal and external partnerships”, said Alfredo Mucavela.
For the Financial Advisor of the Financial Times for Sub-Saharan Africa, Marianne Haddad-Mazou, the summit is becoming the main entry event for investors in the country, focusing on creating the conditions for doing business.