Economic Overview & Business Opportunities
MaputoFORTIS CONSULTING COMPANY BUSINESS DESCRIPTION
Fortis Consulting is part of a group of companies which provides multidisciplinary services, namely in the areas of management consulting, economic and financial, legal and tax, technologies and information systems, and human resources management.
The comprehensiveness of the activities developed by the group through its several companies and business units as well as the intervention of specialized teams in several intervention domains, allow us to face together with our customers the development of projects and the provision of services of global character.
The group of companies that Fortis is a part of has human, technical and operational structure, in Mozambique and Portugal.
Fortis has a vast experience in the field of internationalization of companies, as well as in structuring international partnerships, counting among its members experienced professionals in these domains, always in the perspective of safeguarding customers’ interests in corporate, economical, tax and financial terms.
We are experts in providing consulting services to companies, public, private or mixed capital, as well as public institutes or other public administration bodies.
We assume ourselves as global service provider, aiming to collaborate actively with our customers in all domains that value their operations. In this sense, we endeavor to provide the best of Fortis Consulting professionals available in the sectors of intervention needed for our business, when necessary, to establish partnerships with equally recognized entities in their fields of activity.
The constant search for the best professionals and the best solutions, coupled with the clear understanding of the current needs of organizations, guides our activity in providing services for other companies.
SECTORS WE SERVE
Health, Work, Security and Higyene
HR & Trainning
Oil & Gas
4 -Economic Overview & Business Opportunities
Mozambique’s transition from a post-conflict country to one of Africa’s “frontier economies” has been nothing short of impressive. Economic growth has been bolstered by important Foreign Direct Investments (FDI) into the burgeoning energy and natural resources sectors, among others. The country has become a world-class destination for mining and natural gas developments. Vast untapped coal reserves have attracted multinationals such as Brazilian’s Vale and Australian Rio Tinto. The country’s achievement of Extractive Industry Transparency Initiative (EITI) compliance status is an important milestone in the country’s economic management of natural resources. Alongside its natural resources, Mozambique’s long coastline positions it as a natural gateway to global markets for neighboring
Region: Sub-Saharan Africa
Income category: Low income
GNI per capita (US$): 510
DB2014 rank: 139
DB2013 rank: 142*
Change in rank: 3
DB 2014 DTF: 54.98
DB 2013 DTF: 53.67
Change in DTF: 1.28
* DB2013 ranking shown is not last year’s published ranking but a comparable ranking for DB2013 that captures the effects of such factors as data corrections and the addition of 4 economies (Libya, Myanmar, San Marino and South Sudan) to the sample this year. See the data notes for sources and definitions
Mozambique’s economy grew by 7 percent in 2013 led by transport and communications, financial services and extractive industries. FDI inflows reached US$ 5.9 billion in 2013; international reserves increased by US$ 404 million over the year, and inflation remains low despite an expansionary fiscal stance and increased credit to the economy.
The deceleration of poverty reduction in the face of robust economic growth is the defining development challenge in today’s Mozambique. The challenge is to diversify the sources of economic growth; integrate capital-intensive mega-projects with the government’s poverty reduction strategy; and develop the agriculture sector which employs close to 80% of the workforce but remains largely unproductive and subsistence-based. More broadly, Mozambique needs to improve provision of public goods to facilitate inclusive growth (e.g., infrastructure, education, health); set up well-targeted safety nets for the most vulnerable; promote greater voice and citizen participation while building transparent and accountable systems, and, lastly but not least accelerate investment climate reforms. The scale of Mozambique’s challenges is enormous. The World Bank’s Doing Business Report 2014 has Mozambique slightly improving its ranking albeit from a very low position.
Investment and export opportunities abound in: construction (roads, railway and general infrastructure), energy (natural gas, hydropower and bio-diesel), mining (tantalum, graphite and coal), fishing (including prawns, hake and lobster), aquaculture, tourism (hotels, sports and leisure), agriculture / horticulture (forestry plantation, cashews, sesame, tea, essential oils, fresh produce and vegetables, flowers, paprika, tobacco and tropical), telecommunications, and transportation consulting business. Additional investment opportunities exist in infrastructure projects, agriculture, transportation, hydroelectric power generation, education and health, are currently Which Often Financed by international donors
5 – Languages we speak – Portuguese, Mozambican Dialectes, English, Spanish and French