The Business Year explores innovation in Mozambique

The Business Year hosted the event “Forging Mozambique’s Future: Prospects for Economic Development” to discuss the growing role of innovation in the Mozambican economy.

On June 19, 2024, The Business Year in Mozambique held a groundbreaking event at Hotel Meliá Maputo Sky, with innovation as the main topic. The event, “Forging Mozambique’s Future: Prospects for Economic Development”, showcased how mobility, entertainment, energy, and cybersecurity can revolutionize the future of the country’s economy.

Bringing together key speakers from various sectors to discuss the transformative power of innovation in driving Mozambique’s economic development, the event opened with a keynote address from the Minister of Science, Technology and Higher Education, who told attendees “We want our country to be a preferred market for national entrepreneurs and a magnet for foreign investment in various areas of activity, both traditional economic areas and emerging ones”. This set the stage for an engaging and insightful discussion on how different sectors are embracing innovation to overcome challenges and seize new opportunities.

Danilo Correia, General Manager of Puma Energy Mozambique, addressed how innovation is driving sustainability in the country’s energy sector. He highlighted Mozambique’s aim to use renewable energy to become a sustainable investment hub and detailed Puma Energy’s digitalization initiatives to enhance efficiency. Correia also discussed Mozambique’s potential as a regional energy center, saying “In Africa, we are activating several solar projects and Mozambique is naturally one of them. It’s a long-term thing that requires a lot of patience and a lot of work with people. It’s not just a technological solution.”.

Bruno Dias, Consulting Leader at EY Mozambique, provided an evaluation of the current cybersecurity landscape in Mozambique. He emphasized the increasing importance of cybersecurity in the digital age and discussed proactive measures companies should take to safeguard their operations. Dias also shared how EY leverages global experience to develop customized cybersecurity solutions for Mozambican businesses.

Lais Pereira, Head of DStv Business, Multichoice Mozambique, discussed the role of innovation in shaping the future of the media industry in Mozambique. He highlighted how MultiChoice leads media transformation through innovative practices and emphasized the company’s focus on maintaining television as the centerpiece of family entertainment. Laice shared plans for MultiChoice’s future in the Mozambican market.

Mahomed Zameer Adam, Country Manager of Yango Mozambique, spoke on how Yango’s innovative mobility solutions contribute to Mozambique’s economic development. He provided insights into the technologies Yango is implementing to revolutionize mobility and discussed future plans to collaborate with local partners to enhance these solutions.

The event aimed to send a message of how the business community in Mozambique should keep investing in innovative practices to allow them to adapt to international practices. On this occasion, Eduardo Vicente, Country General Manager of Bravantic was recognized with The Business Year Award for Awarded for developing impactful initiatives to shape the future of Mozambique. The event finished with a networking cocktail at Melia Skybar, allowing participants to exchange ideas and explore potential collaborations.

The event formed part of research activities that will culminate in the release of The Business Year: Mozambique 2024 later this summer. The publication will highlight the country’s economic potential, exploring investment opportunities and the key sectors driving growth. Additionally, it will feature dozens of interviews with business leaders and government officials, offering unique perspectives on the business environment and development policies in Mozambique. The Business Year: Mozambique 2024 will be a must-have source of information for businesses looking to invest in the country.

The Business Year: Mozambique 2024 will be available in both print and digital formats and distributed domestically and globally. All interviews and analysis will also be available on key business information platforms, including Bloomberg Terminal, Refinitiv Eikon, Dow Jones Factiva, and FactSet. It will also be available on PressReader, Issuu, and Google Books, and at www.thebusinessyear.com.