Energy, telecommunications, infra-structures and tourism are the most promising sectors

Portuguese companies are considering investment and partnerships in Mozambique as a way out of the current crisis. Mozambique’s “high potential and the business opportunities arising from such a partnership with the African markets, mainly in the energy, telecommunications, infra-structures and tourism sectors are immense for investors, namely due to better growth rates than those of European markets”, says Tiago Marreiros Moreira, partner at Vieira de Almeida & Associados (VdA). The Portuguese law firm hosted a conference on “Financing Options and Business Opportunities in Mozambique” that took place in Lisbon, on 17 June.

The venture into the Mozambican market has also been favored by the recent political developments as regards the settlement of the Cahora Bassa dam issue, as a result of the Portuguese Prime Minister, José Sócrates’ official visits to the country and Mozambique’s President, Armando Guebuza’s travels to Portugal.

The speakers were Vasco Vieira de Almeida, VdA’s founding partner, Tiago Marreiros Moreira, partner at VdA, Momede Popat, partner at FBLP, Mahomed Rafique, from Mozambique’s Investment Promotion Center (Centro de Promoção de Investimento - CPI), José Manuel Vital Morgado and Francisco Baptista, from AICEP, Francisco Faria from the Financial Corporation for Development (Sociedade Financeira de Desenvolvimento – SOFID) and Isabel Moura and Catarina Campos, from Caixa Geral de Depósitos (Portugal’s national bank).