MOZAMBIQUE GAS INDUSTRY GETS SUPPORT FROM SA GOVT.

South Africa government is making plans to help Mozambique gas industry as one of the means to bolster bilateral relations between the two countries for the betterment and prosperous Africa.

Trade, Industry and Competition Deputy Minister Nomalungelo Gina made the statement during a virtual trade and investment seminar under the ‘Developing Afrocentric Solutions and Forging Partnership in Response to COVID-19’ theme.

Quoting Gina, “South Africa is one of Mozambique’s great and major trading partner and is also a major investor in Mozambique. It is also among South Africa’s top five trading partners in Africa, our political and economic relations have remained strong and vibrant over the years.”

Gina also noted that several local companies and state-owned entities (SOEs) have invested in Mozambique across the broad spectrum of sectors. That the Development Bank of Southern Africa (DBSA) is also ramping up investment in an infrastructure project in Mozambique particularly in the energy sector.

She further stated that South African public and private sectors are actively involved in supporting the country in this “very important venture” through the US$120 million investment by DBSA.

Read full details on SA News

Click on the floating icon on the right to subscribe. More so, please share, Follow us on Twitter and don’t forget to also like us on Facebook