Mpumalanga meets Mozambique: Unlocking growth

Standard Bank's CEO of Business & Commercial Banking, Bill Blackie, recently joined CNBC Africa to discuss the Mpumalanga and Mozambique Business Connect initiative. The initiative aims to unlock growth for both regions, with a particular focus on the agricultural sector. Blackie highlighted that the trade corridor between Kharteng through Mpumalanga down into Mozambique has a long history dating back to the 1800s. The initiative was born out of a conference called Africa Unlocked, which focused on fostering economic growth across the continent. Blackie emphasized the importance of bringing business people together to engage, share stories, and explore opportunities for collaboration. He also underscored the crucial role of government in facilitating trade and reducing barriers through initiatives like the African Continental Free Trade Agreement. The key sectors targeted for growth include agriculture, transport, and extractive industries, such as mining. Agriculture, in particular, has been a significant driver of growth in both regions, with Mpumalanga emerging as one of the fastest-growing sectors in South Africa. Mozambique, with its fertile soil and abundant rainfall, presents immense potential for agricultural development. Blackie also highlighted the tourism sector as a key opportunity for growth in both countries. The long-term goals of the Connect project include facilitating industrial growth and serving as an intermediary to connect businesses in both regions. Blackie expressed optimism about the project's potential to drive investment and economic growth, with the outcomes set to determine its success.