Growth cycle in Southern Africa for Portuguese Companies


 Photo:, rom left to right: Sakuzmi Macozoma, south-african business man, Carlos Oliveira, CEO of LBC
and Siza Vieira, Minister of Economy


The four major economies of Southern Africa may be entering a long-term growth cycle that will positively drive the entire region and open up excellent business opportunities for Portuguese companies, said Carlos Oliveira, LBC’s Managing Partner, at the Portugal-SADC Business Forum.

According to LBC's perspective, which has carried out more than 500 projects in Southern Africa, three of the four major SADC economies that most interest Portuguese companies have recently entered a cycle of political stability that can provide them with solid cycles of economic growth: Angola, South Africa and Congo. And Mozambique may enter this cycle as of the end of this year. These economies will positively drag others, which are already in fast growth like Tanzania and Zambia. Some of the projects are available digital transformation.

"For example, in the case of Angola, the new economic policies and the focus on the diversification of the economy will open a wide range of opportunities. With the right policies, South Africa should be growing between 4% and 5% a year and the potential for these policies to be now defined is there" according to Carlos Oliveira.

LBC's knowledge of Portuguese companies, with more than 500 projects carried out, leads to the conclusion that Portuguese companies have the right competitive profile to leverage the value chains of the economies of Southern Africa, bringing them innovation and technology, operational management skills, qualified human resources through a high capacity to establish partnerships.

"I think that Portuguese companies have a lot of competitiveness in these countries. Portuguese SMEs today have a lot of sophistication and their offer has integrated a lot of technology in the last 20 years. "

Carlos Oliveira believes that Southern Africa is an economic space of the future, where Portuguese companies can play a leading role in their development.

On the other hand, Portugal is the gateway to Europe that is most suitable for these countries, with legislation and a market culture very open to foreign investment.

LBC has already carried out more than 1,000 projects in digital transformation, management consulting and training in 12 countries.

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