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.

AFRICAN DEVELOPMENT BANK ADB: 

ADB is a financial institution comprising 53 African and 24 non-African countries which promotes economic and social progress in Africa through loans, equity investments and technical assistance. Structurally, the ADB Group includes the African Development Bank, the African Development Fund and the Nigeria Trust Fund. Established in 1964 and headquartered in Tunisia, the Bank has provided a cumulative $55 billion in loans and grants in the region.

The ADB has been praised for its role in the fight against HIV/AIDS on the African continent.  The ADB emphasizes large infrastructure projects at the expense of smaller, cheaper options that may produce more energy with greater benefit to the continent’s poor.

WORLD TRADE ORGANIZATION ( WTO ) :

The purpose of the WTO is to ensure that global trade commences smoothly, freely and predictably. The WTO creates and embodies the legal ground rules for global trade among member nations and thus offers a system for international commerce. WTO rules become a part of a country’s domestic legal system.

WTO from its side has taken various efforts for the development of the Continent, Africa. It has taken various steps in improving the performance of various sectors which directly reflect the growth of the country and the continent. The investment of WTO in Africa’s various projects has taken the country’s development to the next level.

INTERNATIONAL MONETARY FUND ( IMF) :

International Monetary Fund (IMF) is the most powerful international financial institution in the world. It is the major source of lending to African countries and uses the loans they provide as leverage to prescribe policies and dictate major changes in the economies of these countries.

The main task of the IMF is to maintain a dialogue with and among its member countries on the national and international implications of their economic and financial policies.

The second main role of the IMF is to provide loans of foreign exchange to countries experiencing balance-of-payments problems undertake the necessary adjustment and restore conditions for sustainable economic growth. The financial assistance provided by the IMF enables countries to rebuild their international reserves, stabilize their currencies, and continue paying for imports without having to impose trade restrictions or capital controls, or take other measures `destructive of international prosperity’.

Hence, the IMF’s goal is to provide global financial stability and to assist in the global war on poverty.

The top sectors in Mauritius like Telecommunication, Fuels, Cements, Textile, Tourism and Banking has given great attraction to FDI in this country.

ICT and Tourism Tenders Online are published by local government and funding agencies to boost the economy of Mauritius.

Tourism in Mauritius:

Mauritius is mostly appreciated by tourists for its natural beauty, man-made attractions, multi-ethnic and cultural diversity of the population, tropical climate, beautiful beaches and water sports. It is becoming one of the most popular destinations for tourists from all over the world who are looking for a high-end holiday on a tropic amazing paradise island.

Tourism is an important component to the Mauritian economy as well as a significant source of its foreign exchange revenues. The tourism industry is also a major economic pillar on the island of Rodriguez.

Energy:

Energy and Power has become one of the important sectors of Africa. Government is taking various efforts to attract foreign companies to enter the African market for expansion and investment. Renewable energy and solar power plant are on the rise in Africa. Tenders related to Renewable Energy, Electric Supply, Solar Plants are regularly floated by African government to develop this industry.

Water & Sanitation:

Water and sanitation is one of the most challenging industries for African government. Over past 2 decades the access to safe drinking water has increased from 49% in to 60%. African government, NGO’s and many other funding agencies has taken good initiatives to resolve Water and Sanitation issue in Africa:

The African Development Bank’s funding in the Water & Sanitation Sector is fully in line with the country’s Strategic Development Plan

It’s current project portfolio includes the on-going Plaines Wilhelm’s Sewerage Project.

 Stage I- Accounting for 23.3% of net commitments. The objective of the project is to ensure environmental sustainability by averting and reversing the potential for environmental degradation of surface and groundwater resources.

Stage II- The Bank is currently financing the Mauritius Waste Water Master plan Study targeting the 2010-2033 planning horizon.

Stage III- In line with the Bank’s 2008-2012 Medium Term Strategy and the Mauritius Medium Term Development Framework Policy, it is anticipated that the Bank will continue to be a key development partner in the Mauritius water and sanitation sector.

Expand your reach in Mauritius by expanding your Business.