The discovery of an estimated 23 billion tons of coal in Mozambique has attracted foreign investors and also presents a great opportunity for South African firms.
First secretary of the government of Tete province, Lina Portugal, said this discovery presents opportunities for South African companies.
The Department of Trade and Industry (dti) is leading a delegation on an Outward Trade and Investment Mission (OTIM) to Mozambique.
“The challenges facing Tete province – including infrastructure development, water and electricity distribution, transport, skills development and training – present an investment opportunity for South African firms,” said Portugal.
In addition to mining, South African firms were also urged to explore opportunities in cattle, fish farming as well as tourism.
The Provincial Head of the Investment Promotion Centre in Tete, Leonardo Junior, said Tete province was strategic in that it gave access to Malawi, Zambia and Zimbabwe.
He said South African firms should use this mission to interact with their counterparts in Tete and form partnerships in various investment sectors.
