MAPUTO/WASHINGTON, D.C., October 19, 2004—
Fresh from their success in the Mozal linkages programs supported by
the International Finance Corporation, the private sector arm of the World
Bank Group, a group of 15 Mozambican small and medium enterprises are now
winning contracts from other large scale investments in Mozambique.
The group of enterprises represent former and current suppliers to the
Mozal aluminum smelter plant that had all successfully supplied contracts
to Mozal under linkages programs for small firms facilitated by IFC, African
Project Development Facility (APDF), World Bank PODE-CAT, Mozal, and the
Center for Investment Promotion.
With the assistance from APDF and the Center for Investment Promotion,
the 15 small and medium businesses have now joined forces to create the
Mozambique Business Network. The Network focuses on accessing and winning
contracts from other large-scale businesses in Mozambique.
One of the main functions of the Network is to hold monthly forums to link
its members with corporations, financial institutions and other relevant
stakeholders. The first forum was held in September 2003. APDF has helped
support and facilitate other monthly fora, involving, among others, presentations
from the Port of Maputo, Mozal, Chibuto Corridor Sands, two large sugar
Eight members of the Mozambique Business Network have been awarded contracts
by large local firms valued at $500,000, owing to the fora - and this number
is expected to double within the next year.
The founding members of the Network are businesses that initially participated
in the IFC, APDF, World Bank, Mozal, Center for Investment Promotion linkages
programs: the SME Empowerment Linkages Program, which linked 15 local small
businesses to contracts worth $5 million from “Phase II” of the Mozal
aluminum smelter, and the on-going Mozal Operations Linkages Program, which
has assisted small businesses to win $1.7 million in contracts
with Mozal’s operations.
These two programs have built the capacity of small businesses to meet
the rigorous qualifying standards of Mozal and other leading international
firms. Based on their successful experience with Mozal, the SMEs formed
the Network to access business opportunities with other large firms operating
in the country.
Ms. Yolanda Nunes of Flor Real, a founding member of the Mozambique Business
Network, noted, "APDF's credibility within the Mozambique business
environment has helped secure high caliber companies to present at the
fora -a vital ingredient to success of the Network.” She added, “ Due
to APDF's assistance, today the Mozambique Business Network is independently
managed and financed by its members, creating linkages opportunities for
the long term.
Richard Ranken, IFC director for Sub-Saharan Africa, added, “New business
opportunities that the APDF/Mozal linkages program has helped nurture,
demonstrates the long term developmental impact that IFC’s linkages programs
can have in Africa. Through APDF, our goal is to continue supporting linkages
between local SMEs and large scale enterprises in the region.”
Note to Editors: For background information on IFC’s linkages programs
and investments in the Mozal aluminum plant, see:
Builds Skills of Small Firms Working with Mozal Aluminum Smelter
Helps Mozal Expand Successful SME Linkages Program to Daily Operations
Expands Linkages with Local Communities to Strengthen Mozal Aluminum Smelter
Investment in Mozambique
Invests in Mozal II-Expansion of Aluminum Smelter in Mozambique
INVESTS IN MOZAMBIQUE ALUMINUM SMELTER
The mission of IFC (www.ifc.org)
is to promote sustainable private sector investment in developing countries,
helping to reduce poverty and improve people’s lives. IFC finances private
sector investments in the developing world, mobilizes capital in the international
financial markets, helps clients improve social and environmental sustainability,
and provides technical assistance and advice to governments and businesses.
From its founding in 1956 through FY04, IFC has committed more than $44
billion of its own funds and arranged $23 billion in syndications for 3,143
companies in 140 developing countries. IFC’s worldwide committed portfolio
as of FY04 was $17.9 billion for its own account and $5.5 billion held
for participants in loan syndications.