Mozambique is a country in South East Africa bordered by the Indian Ocean to the East, Tanzania to the North, Zimbabwe to the West and Swaziland and South Africa to the South West. It is separated from Madagascar by the Mozambique Channel to the East. The capital and largest city is Maputo.
Mozambique is said to be world’s fastest growing economies. The country’s economy is based largely on Agriculture, but mainly Food and Beverages, Chemical manufacturing, Aluminum and Petroleum industry is growing. The country’s Tourism sector is also growing. South Africa is Mozambique’s main trading partner and source of foreign direct investment.
Mineral Industry in Mozambique:
The mineral industry in Mozambique contributes a large amount to the world in regards with the production of Aluminum, Beryllium and Tantalum. It is the world’s largest exporter of coal and gas which will boost up the GDP.
The Energy boom will also benefit the country in other ways. A string of gas and coal-fired power plants are planned by the government. It seems likely that the country will gain at least 3 GW of thermal generating capacity within the next decade.
The government in longer terms states that tourism, agriculture and possibly manufacturing will be the basis of employment creation in Mozambique. Subsistence farming currently dominates the agriculture sector, so there is plenty of scope to develop more productive practices.
With the scope of agriculture and tourism development in Mozambique, the African government and other funding agencies are taking steps for the better improvements as mentioned above. Africagateway helps you with Procurement News, Trade Leads and Tenders Information to expand your business reach in Mozambique.
Mozambique has received investment in other sectors like agriculture, aluminum, titanium, electricity and garment sector. Many tenders are floated on regular basis related to the above mentioned sectors by African Government and Funding Agencies. Africagateway helps you have a look on them and to expand your business.