Mauritius increases exports to Angola
Bulawayo – Angola’s annual imports from Mauritius have surged 67 percent in 2013 compared to the previous year owing to the massive production of goods and aggressive marketing drive in the southern African region by the latter.
Enterprise Mauritius (EM), the country’s industry and commerce representative body said the southern African nation was exporting domestic and industrial goods to Luanda, Angola.
“In 2013, domestic exports to Angola stood at Rs1 220 075, representing an increase of 67 percent over the corresponding year (Rs730 167 in 2012),” the body said.
“We are currently exporting: men/boys suit, women/girls trousers, Island wine and medicaments.”
EM is the apex trade promotion organisation of the Republic of Mauritius.
It is a collaborative partnership between industry and government to help, within an integrated framework; businesses in Mauritius expand into regional and international markets, and at the same time develop their internal capability to meet the challenges of international competition.
The islander’s exports for the first four months (January to April 2014) reached Rs19 billion compared to Rs17.7 billion in the corresponding period in 2013, representing a 7 percent increase.
The increase in exports for the month of April 2014 alone compared to that of 2013 was 17 percent.
Located on the Atlantic coast of West Africa, Angola has a thriving economy and is one of the fastest growing economies in the world with an average real GDP growth rate of 11.6 percent over the past decade.
With a population of 20.8 million, the country has made enormous progress since the end of the civil war.
EM admits the Angolan market was hard to penetrate.
“Angola is a somewhat a difficult market to penetrate initially but patient exporters will definitely be able to find the necessary niche to tap into.
“The interaction with the consultants has proved to be beneficial to the participants whose knowledge about this Portuguese-speaking country has improved,” it says.
According to the Instituto Nacional de Estatística, business confidence index in Angola increased to 18 in the first quarter of 2014 from 17 in the fourth quarter of 2013. Business Confidence in Angola averaged 15.48 from 2008 until 2014, reaching an all-time high of 31 in the second quarter of 2009 and a record low of 2 in the fourth quarter of 2010.
*US$ 1= Rs30.50