InterGest South Africa Managing Director, Mr. Volker Werth participated in a German business delegation to Mozambique which took place from 25-29 November 2019.

The objective of the trade mission (organised by the AHK Südliches Afrika and VDMA) was to promote bilateral trade and investment between Germany and Mozambique, with a specific focus on the mining industry. The mission created an ideal platform for German companies who would like to export value-added products and services and for companies who are looking for investment opportunities in Mozambique.

The mining industry arguably represents one of Mozambique’s most important industry sectors. A number of high-profile mining projects are currently underway, which are not only boosting the industry itself but also the wider economy through infrastructure development to facilitate exporting the mining output to the rest of the world. The mineral industry of Mozambique plays a significant role in the world’s production of aluminium, beryllium, and tantalum. The country is also rich in copper, iron, lead, as well as high-grade bauxite.

Mozambique Liquefied Natural Gas (LNG) Market

Mozambique is officially positioning itself as the world’s next big global energy player with mega gas deals being signed in Mozambique hand over fist. There is a growing expectation that Mozambique will, in the coming decades, compete with Russia to become the world’s fourth-largest LNG producer after the US, Qatar and Australia.

To date, a total of 150-trillion cubic feet (Tcf) of gas, the equivalent to 24 billion barrels of oil, has been discovered, which has led to investment projects valued at $54-billion either being implemented or are awaiting final sanction. Amongst the multiple projects, TOTAL has committed to a final investment decision on a $3.15 billion LNG project. Exxon Mobil also announced plans to invest over $500 million in its initial LNG construction project. The Exxon project, along with TOTAL and Eni’s $8 billion 3.4 million tons per annum (mtpa) floating plant, mean Mozambique will have the ability to export 31 mtpa of natural gas, about 10% of today’s global market.

Mozambique has been one of the ‘fastest-growing economies’ on the African continent for the last two-and-a-half decades. It has outperformed both regional and global growth averages, with rich oil and gas reserves that are attracting substantial investment from across the globe.

Our motto at InterGest South Africa is “If you want to be successful in any African country, you need to have a local presence”. We would like to announce that we will establish a local presence in Maputo during the first quarter of 2020. Together with our partners, we will provide unparalleled support to all foreign companies interested in expanding into the Mozambican market. Offering the full range of services that are designed to assist exporting companies in the establishment and administration of a foreign branch, subsidiary or a direct selling organisation. We can also assist with market research, recruitment, establishing a sales force team, logistics, and warehousing solutions.

Key industry sectors in Mozambique:

Ask us about our Go2Africa service offering. We offer the most up to date, cost-effective, and efficient method currently available for developing foreign markets.

Contact: info@intergest.co.za – Charné Potgieter