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Benefits ‘on the plate’: Big and small businesses eye growth in Mozambique

Benefits ‘on the plate’: Big and small businesses eye growth in Mozambique

Summary

The Maputo International Trade Fair in Mozambique provides opportunities for both established and small businesses. Entrepreneurs like Vania Pessane sell products like baobab juice to benefit from the influx of visitors at such events. The fair reflects the entrepreneurial spirit in Mozambique despite economic challenges.

Key Facts

  • The Maputo International Trade Fair is Mozambique’s biggest annual trade event.
  • Vania Pessane runs a small business selling baobab juice and other products.
  • Many vendors operate informally, selling goods outside the fair to leverage foot traffic.
  • Formal vendors pay significant fees for booths within the fair.
  • Over 70% of Mozambique's population lives on less than $2.15 a day, according to the World Bank.
  • Around 80% of the population works in the informal sector.
  • Entrepreneurship is seen as a way to tackle unemployment in Mozambique.

Source Information