Maputo, August 22, 2007 — IFC,
a member of the World Bank Group, today signed agreements with four major
corporations in Mozambique to help develop local smaller enterprises. Through
MOZLINK, a new partnership program, IFC will work with the companies to
mobilize, train, and support 100 small and medium suppliers over three
years. The program is expected to create more than $20 million worth of
The four companies—Mozal, Sasol, Cervejas
de Mocambique, and Coca-Cola—will work with IFC to increase the volume
and value of goods that they obtain locally from small and midsize businesses.
Other large companies, including CVRD and Caminhos de Ferro de Mocambique,
have shown interest in joining the program.
“This is a unique initiative from some
of Mozambique’s leading companies,” said Frans-Josef Jaspers, Materials
Management Manager of Mozal. “All four participating firms will review
their supply chains to identify opportunities to acquire products locally
that are currently brought from outside the country.”
Small and medium businesses represent
a tiny portion of the Mozambique’s local supply chains. They face many
challenges, including the limited ability to participate in complex bidding
processes and stringent industrial, technical, quality, safety, and environmental
standards set by international companies. Limited managerial skills and
financing, failure to meet delivery deadlines, and lack of capacity to
ensure consistent supplies, all generally put small and medium enterprises
at a disadvantage.
“Enabling local small and medium enterprises
to provide goods and services to larger companies will increase local employment,
create new businesses, and result in increased revenue for the country,”
said Babatunde Onitiri, IFC Country Manager for Mozambique.
Representatives from the Ministries
of Planning and Development, Commerce and Industry, and other stakeholders
attended today’s ceremony to launch the program.
IFC, a member of the World Bank Group,
fosters sustainable economic growth in developing countries by financing
private sector investment, mobilizing capital in the international financial
markets, and providing advisory services to businesses and governments.
IFC’s vision is that poor people have the opportunity to escape poverty
and improve their lives. In FY06, IFC committed $8.3 billion, including
loan participations, to 284 investments in 66 developing countries. For
more information, please visit www.ifc.org.