Mozambique is situated in South-eastern Africa sharing its boundaries with Malawi, South Africa, Tanzania, Zambia, Zimbabwe and Swaziland. Over the past several years, the country has undergone major macroeconomic reforms that have helped stabilize the country’s economy. As a result, foreign investments are being made by companies all over the world and the demand for translation services here has risen steeply.
While the bulk of the workforce continues to be in the agricultural sector, large foreign investments like the Mozal aluminum smelter has helped increase the country’s foreign exchange and work diversity. A Portuguese translator working for an Austin translation services company told us about the translation projects they receive due to economic growth in Mozambique. Since Portuguese is the official language of Mozambique, clients doing business with Mozambique typically require Portuguese to English translation or English to Portuguese translation of their documents.
Because of the natural gas reserves found in Mozambique, foreign investors are also concentrating on the exploration of new oil fields. According to foreign investors, there is a strong chance that Mozambique has large undiscovered oil wells. As interest continues to build, translation services will be needed to help petroleum executives communicate with the local public and government officials. Sometimes, it can be difficult for the investors to select the most suitable translation company for their unique needs. In cases like these, it’s advisable to consult an experienced The Marketing Analysts Translation Service or another highly experienced translation company.
Mozambique is a rising economic power in the African world. If the political and economic stability continue, economists predict that the country’s GDP will grow at an annual rate of 7.7%. Most recently, the economic sector of Mozambique has been heavily influenced with discoveries of natural resources like coal, salt, graphite, precious stones, marble, oil and especially the large reserves of natural gas. Foreign investors have been concentrating mainly on developing the industrial and energy sectors of Mozambique. Still the county’s infrastructure requires a significant investment. More roads, railway tracks and bridges need to be built to improve logistics.
The country has a lot to offer foreign investors. In a few years’ time, Mozambique will be one of the most economically strong countries in the African continent.