focus africa
Focus : Africa
Helping Indian companies do business with Africa
INDIA
INDIA
Africa
AFRICA
INDIA : India’s Trade with the African Region notched US$ 38.96 Billion in the year 2009-10 (DGCI&S provisional figures) constituting 8.37% share in India’s total trade. Trade with the region has grown at a CAGR of 18.10% from US$ 4.48 Billion in 1996-97.
AFRICA : 54 Countries, 1 billion people, US$ 1.01 Billion of trade. Imports worth US$ 468 billion include Mineral Fuels, Oils, Machinery, Vehicles including Boats, Ships, Aircrafts, Electronics & Electricals, Iron & Steel & Articles thereof, Cereals, Plastics, Pharmaceuticals, etc.

Top 20 product groups imported by select African countries ............. [More].
Country at a Glance
Mozambique

Region
Southeastern Africa

Country
Mozambique

Country Head
President ARMANDO GUEBUZA

Capital
Maputo

Population
2,20,61,451(UN 2008)

GDP(PPP)
$19.34 billion (2008 est.)

GDP Per Capita
$900 (2008 CIA est.)

Main Language
Portuguese(official), Emakhuwa

 

Mozambique

Mozambique is situated at the southeastern part of the continent of Africa with a total area of 799,380 sq km. The Land Boundaries stretches to nearly 4,571 km and the costal line stretches to nearly 2,470 km. Mozambique is surrounded by Malawi, South Africa, Tanzania, Zambia, Zimbabwe and Swaziland. Mozambique is divided into 10 major provinces Cabo Delgodo, Gaza, Inhambane, Manica, Maputo, Nampula, Niassa, Sofala, Tete and Zambezia.

During 1987, the government of Mozambique embarked on a series of macroeconomic reforms which were made to stabilize the economy. These steps have led to dramatic improvements in the country's growth rate. In 2007 inflation had slowed to 8%, while GDP growth reached 7.5%. The fiscal reforms, introduction of a value-added tax and reform of the customs service, have improved the revenue collection abilities of the Mozambique government.

The  subsistence form of agriculture continues to employ a vast majority of the country's work force and the opening of the Mozal aluminum smelter, the country's largest foreign investment project to date, has increased export earnings. The potential in agriculture sector is high, particularly in the fertile northern regions, which accounts for the bulk of the country's agricultural surplus. The main cash crops of Mozambique are sugar, copra, cashew nuts, tea, and tobacco. All the plantations and refineries have been privatized. Marine products, particularly prawns, are Mozambique's largest single export.

There are large mineral deposits. The World Bank has estimated that there was the potential for exports worth US$200m by 2007 – in the early 2000 they totaled US$3.6m, some 1% of total exports, and a contribution of less than 2% of GDP. Minerals currently being mined include marble, bentonite, coal, gold, bauxite, granite and gemstones.

SECTOR PROFILES

In the past decade Mozambique has maintained an average growth rate of 8.6%, but due to disruptive floods and energy shortage in 2008 Mozambique’s growth rate fell to 6.2%. Mozambique’s economy is considered to be relatively shielded from the direct impact of the ongoing global financial crisis..............Read More

 

 

 

 

 

 

Apex Bodies

Câmara do Comércio de Moçambique

 

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Trade Fairs

AITEC Mozambique - National Information and Communication Technology Conference and Exhibition

AITEC Mozambique National ICT Convention 2010

 

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Useful Information

Export Promotion Councils

Instituto para a Promoção de Exportações (Institute for the Promotion of Exportations) :http://www.ipex.gov.mz

Industry Association

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Mauritius Times

Ile Mauricie

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