Forging links in the oil and gas sectors
Second annual Mozvest Conference
SOUTH AFRICA: Held at the end of last month, the second annual Mozvest Conference aimed to build sustainable relationships between South Africa and Mozambique in the oil and gas sectors.
This year’s conference attracted participants who were keen to get insight into the legal and procedural aspects of foreign investment within the Mozambican environment.
“Last year we received tremendous support from our sponsors and delegates and we had a substantial turnout for our inaugural event. This year, despite having to delay the event twice due to cyclones Idai and Kenneth in Mozambique, we managed to still retain support for the event which really tells us that we must be adding some value here. We have very specific outcomes and we want our delegates to walk away with firm objectives for the future,” says the conference organiser, Executive Director of U-Personnel Management (UPM), Sean Lumbue.
Lumbue notes that the milestone memorandum of understanding (MoU) between South Africa and Mozambique outlines specific infrastructure projects which require collaboration over the next five years.
He adds: “South Africa is in a unique position where we can offer solutions across all industry types such as the telecommunications and technology sectors. With the gas finds in the Rovuma basin off the coast of Mozambique, it is easy to see why oil and gas has been selected as one of the priority sectors requiring collaboration.
“Besides the direct financial advantage for large corporates, there is also the opportunity to transfer skills while working in Mozambique. We, as the show organisers, would like to see more corporate social investments initiatives being undertaken in disadvantaged communities in Mozambique. We are African, and it makes sense to elevate our fellow Africans.”
Opening the conference, Paulino Macarringue, High Commissioner of Mozambique in South Africa, provided valuable information relating to local content requirements and laws as well as the importance of promoting partnerships.
“We are working on the next conference entitled, The Key Sectors Mozambique Conference, which will be held on 19th March 2020. This conference will address opportunities within energy, oil and gas and will also include the agriculture and mining sectors,” says Lumbue.
PHOTO: Keynote Speaker, Mr Adrian Frey, MD of Beluluane Industrial Park and Free-Trade Zone, discussing Mozambique’s macro-economic indicators and growth factors.