Foreign Investors See Mozambique As A Land Of New Opportunities

mozambique-investment-opportunitiesMozambique 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.

China, Its Energy Requirements And The Steps Needed To Satisfy Them

China has been progressing at a very fast pace and the development of China’s energy sector has been significant. But the growing industrial sector of China is going to consume a lot more than the country is producing in terms of energy. China has developed its energy sector to the fullest and now the constraints imposed by the limited resources and the environment are a hindrance in the further augmentation of the country’s energy sector. This major encumbrance in China’s industrial growth needs to be dealt with, by removing the imbalance between the demand and supply of energy.

There can be a number of solutions to deal with this problem. China has signed agreements with other countries for long-distance energy transport which is going to be a viable step for the country’s economy.  A lot of intercultural communication has been witnessed between the Chinese officials/ investors and the representatives of other countries. China has its economic involvement in most of the countries, either through trade, or through its investors. China has been bringing a lot of business for the translation service companies as well. A Chinese translator from the Boston translation services told us how many official documents in Chinese have been translated to other languages and vice versa.

The Chinese economists are well aware that the country’s energy needs will rapidly grow as the industrial sector has room for more expansion. China has now become world’s second largest power consumer after the United States. The country is not only the second largest power consumer, but also the second largest economy in the world after America. China’s efforts to improve and expand its energy sector have been continuous. The implementation of the Electric Power Law in April 1996 was a major breakthrough for the China’s electric power industry. This has facilitated the investors, managers and consumers, all. This initiative by the government has been a landmark in expediting the generation, distribution and consumption of electricity. The marketing analysts, is a well-known translation service company. The company   (www.themarketinganalysts.com)   has done a lot of legal/financial translations for various international organizations in the past. China, because of its economic ties with other countries, has been a great buyer of translation services. Language translators have lots of opportunities waiting for them in China (or elsewhere) as a result of the Chinese involvement in other regions, just like the African continent.

China needs to work on enhancing its long distance energy transport because due to numerous constraints  posed by “environmental capacity, development conditions and technical capability”, there is not much hope that China will be able to improve its energy supply. Coal production cannot be increased because it would lead to the destruction of water resources. Coal burning is already causing a lot of environmental issues. Air pollution is the biggest of China’s problems because of excessive coal burning in industry. Temporarily, the oil and gas reserves of the country cannot be fully utilized due to high exploration and production expenses. The only alternative which China has, is to depend on the international market for its energy needs.  It is expected that in the future, China’s dependence on other countries will increase for energy. Its dependence on foreign crude oil has already increased from the 50% mark to 54.8% as Zhenya Liu says in his book about the energy sector of China.

China is going to look towards other countries for importing energy resources and this is surely going to bring business for the translation companies, as hoped by a  project analyst working for the Philadelphia translation services.

References:

1)                  http://en.wikipedia.org/wiki/Energy_security_of_the_People’s_Republic_of_China

2)                  http://en.wikipedia.org/wiki/Petroleum_industry_in_China

3)                  http://en.wikipedia.org/wiki/Electricity_sector_in_China#Energy_Infrastructure

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