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.

Impact of Oil Discoveries in Africa and its Resultant Effects on Demand For Language Translators

The process of exploration for oil and gas fields on the African Continent has been going on for decades.  And this process of discovering new oil fields is a continual, ongoing process. Various oil companies in the world have invested millions of dollars in new fields, hoping and aiming for a tenfold return.  The discoveries of new gas fields in Mozambique and Tanzania, not forgetting the hydrocarbon findings in Uganda and Kenya, have raised the interest of oil companies and other energy investors.

Africa used to be an under-developed region, where poverty, hunger and sickness were rife. Epidemics used to spread like wildfire and the UNO, WFO, USAID, and other aid organizations were always engaged in helping these unfortunate people.  Now, the new oil discoveries in Africa are a ray of hope for the people. But a recent study tells us that while the prospects for the African people are not so “bleak” today, most of the inhabitants of this region don’t share the same enthusiasm as some of the companies performing the excavations for oil and the countless other changes taking place on the continent.  A recent interview of a fisherman in Ghana living close to the “Jubilee Oil Field” stated that the people don’t know anything about how increasing global exports are going to improve their standard of living. While there are helicopters in the skies and big ships anchored off shore, the fisherman feels as though the people living on the land need to recognize that it is their land and should be their claim to the resources taken out of it.

The economy of the African Continent will surely experience a “boom” as a result of the present oil discoveries as the oil and gas companies have started taking interest in the barren land of Africa. New investors will bring more job opportunities with them, which will be a beginning of prosperity for the African people.

Even in recent times, the new oil discoveries in Africa have fueled demands for Chinese, Portuguese and French translators. Oil industry workers from various countries are employed on these oil fields, and many of them cannot communicate in a language other than their own mother tongue. This increases the need for French, Chinese, and Portuguese translators. There is a big percentage of people from these countries working in the oil fields of Africa. And communication with their superiors often causes hindrances. These people are unable to understand each other well. In addition, any English speaking employer is unable to understand them.

Therefore, the new oil discoveries in Africa have increased the demand for translators. People who can perform the job of a translator must welcome this opportunity. Portuguese, French and Chinese translators can solve the communication problems of the people working in these oil fields and render the most beneficial services in this regard.