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DTI leads Black Industrialists on Trade Mission to Mozambique

S Mbuyane

The Department of Trade and Industry last week took a Black Industrialists business delegation to Mozambique on a 6-day mission to identify and explore trade and investment opportunities. The delegation includes the Developmental Bank of Southern Africa, the Central Energy Fund, Export Credit Insurance Corporation of South Africa, Provincial Developmental Funding Institutions as well as members of the Board Based Black Economic Empowerment Advisory Council. Minister of Trade and Industry, Dr Rob Davies said that the mission, is being undertaken to address the second pillar of the Black Industrialist Policy, which speaks to Access to Markets both local and continentally.

Mozambique forms part of the top-five South African partners on the continent and has since addressed a series of macroeconomic reforms designed to stabilise its economy. These reforms along with its political stability since multi-party elections of 1994 have led to dramatic improvements in its growth rate. The trade mission to Mozambique is one of several missions that the DTI has invested in, to ensure that Black Industrialists participate in Intra-Africa Trade opportunities, while also forging networks and partnerships with relevant businesses and industry associations with the market. The delegation will actively participate in a Bilateral Business Forum with the Confederation of Associations of Mozambique. The delegation focussed on the following sectors, Agro-processing, energy and Economic Infrastructure.

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