Are you looking for ways to further your business? Africa is a world brimming with untapped economic opportunities.
It has steadily changed over the last 20 years, and we are on the verge of major expansion, with burgeoning entrepreneurship and a plethora of clever and easy business solutions. Africa has a population of 1.2 billion people, which is projected to double in the next 30 years.
Start a Business in Mozambique, Click Here
People are widely choosing Mozambique as it has so many investment opportunities to offer the entrepreneurs. With a population of 360 million people, Mozambique is not only a vital developing country, but it is also the gateway to southern African markets.
Mozambique serves as a vital logistics centre for its neighbours, providing the nearest link to the Indian Ocean for the majority of them. Malawi, South Africa, Swaziland, Tanzania, Zambia, and Zimbabwe share its boundaries, and it has five seaports linked by road and rail.
1. Rice Production/Milling Business
In Mozambique, rice cultivation has been conducted for over 500 years. It is primarily carried out in lowland rainfed ecosystems where farmers adhere to conventional management practises.
Related Projects: - Rice and Rice Based Products, Value Added Products of Broken Rice
Rice, along with corn, wheat, and sorghum, is one of Mozambique's most important food crops. Rice demand, on the other hand, has risen steadily in recent years, rising from 86,000 metric tonnes in 1990 to 519,000 metric tonnes in 2010, representing an annual growth rate of 8.6%. This change in customer demand, as in other African countries, is due to urbanisation, increased wages, and the ease with which rice can be prepared. Thus, this industry holds enormous potential and has enough opportunities for entrepreneurs.
2. Natural gas Business
This sector is a highly lucrative business one can tap onto. Mozambique's supply is currently controlled by Sasol (South Africa) in the Inhambane region, which has proven reserves of 2.6 trillion cubic feet (TCF). Natural gas is produced and refined at a central plant in Temane, then transported to southern Mozambique via an 865-kilometer pipeline for domestic use.
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Sasol will build an integrated oil and liquefied petroleum-gas plant in addition to its existing petroleum facilities. The government of Mozambique has decided that some natural gas production from the Rovuma Basin will be used to satisfy domestic needs, and the Ministry of Mineral Resources and Energy has issued a tender for companies interested in developing industrial gas consumption projects.
3. Cosmetics Business
The global demand for cosmetic products was valued at $380.2 billion in 2019, and it is projected to grow to $463.5 billion by 2027. Cosmetics are becoming an important part of most people's lives. Furthermore, one of the key factors in the global cosmetics industry is the development of awareness of external appearance combined with an individual's internal intelligence.
Men, and women, are increasingly incorporating cosmetics into their daily routines, boosting the global cosmetics industry's demand growth. The global cosmetic industry has expanded as a result of this lifestyle change.
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4. Biofertilizer Business
Since, agriculture is the sole business of people in Mozambique, biofertilizers are the essential part of the business, without which the agribusiness cannot grow.
The demand for biofertilizers is expected to be worth USD 2.3 billion in 2020, rising to USD 3.9 billion by 2025, with a CAGR of 11.6 percent over the forecast period. The demand is largely led by an increase in organic agriculture as well as growing farmer adoption of biofertilizers.
Fertilizer use is highest in the Asia Pacific and African countries. The rising rate of population, especially in Asia, has resulted in increased demand for food, which in turn has resulted in increased fertiliser consumption.
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