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Emerging Markets, Government/Foreign Direct Investment

FT Mozambique Summit

Accelerating a return to growth and stability

Maputo |
Speakers include:
Ernesto Tonela

Ernesto Tonela

Minister of Trade and Industry, Republic of Mozambique

Leticia da Silva Klemens

Leticia da Silva Klemens

Minister of Mineral Resources and Energy, Republic of Mozambique

Sultan Ahmed Bin Sulayem

Sultan Ahmed Bin Sulayem

DP World Group


Mozambique is now entering an era of pivotal opportunity and fresh challenges.  After 20 years of political turbulence, there is a pressing need to manage major economic reform, improve financial transparency and find ways to explore the diversification of natural resources and exports.  The discovery of one of the most important international natural gas fields in the last 10 years offers the potential of significant long-term benefit to Mozambique.  However, sluggish global LNG demand and lower oil prices have delayed the project and much rests on its fruition.

Mozambique is a dynamic, vibrant and challenging environment for international companies to do business and has a turbulent and poor economy. As the state moves forward, how should investors navigate their way through towards successful collaboration and strong regional partnerships? Which markets present the most risk and where are the best sectors and conditions for successful joint development?

Mozambique's ambitious new Government joins us for the FT Mozambique Summit together with local and international corporate leaders.  The Financial Times is delighted to be hosting this exclusive summit which gathers the country's political and business leaders to debate a viable programme for accelerating the return to stronger growth and less risk. The programme will address the immediate and future challenges for Mozambique, gathering views and a bold vision that takes account of key topics from energy, infrastructure, agriculture and state vs private ownership. 

fallback Add to my Calendar 11/02/2016 08:00:0011/02/2016 19:00:00trueFT Mozambique SummitMozambique is now entering an era of pivotal opportunity and fresh challenges.  After 20 years of political turbulence, there is a pressing need to manage major economic reform, improve financial transparency and find ways to explore the diversification of natural resources and exports.  The discovery of one of the most important international natural gas fields in the last 10 years offers the potential of significant long-term benefit to Mozambique.  However, sluggish global LNG demand and lower oil prices have delayed the project and much rests on its fruition.Mozambique is a dynamic, vibrant and challenging environment for international companies to do business and has a turbulent and poor economy. As the state moves forward, how should investors navigate their way through towards successful collaboration and strong regional partnerships? Which markets present the most risk and where are the best sectors and conditions for successful joint development?Mozambique's ambitious new Government joins us for the FT Mozambique Summit together with local and international corporate leaders.  The Financial Times is delighted to be hosting this exclusive summit which gathers the country's political and business leaders to debate a viable programme for accelerating the return to stronger growth and less risk. The programme will address the immediate and future challenges for Mozambique, gathering views and a bold vision that takes account of key topics from energy, infrastructure, agriculture and state vs private ownership. FT-Mozambique-Summit929fff04854aa2c9bc3b10caaccb01c9MM/DD/YYYY

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Keynote Speakers (7)

Ernesto Tonela

Ernesto Tonela

Minister of Trade and Industry, Republic of Mozambique

Ernesto Max Elias Tonela is an economist trained at Universidade Eduardo Mondlane. Tonela was finance director of Electricidade de Moçambique (EdM) in the era in which it was run by Jacinto Veloso. At the time of his nomination to become Minister of Industry and Commerce in 2015, he was the Administrator of Hidroeléctrica de Cahora Bassa (HCB).

Leticia da Silva Klemens

Leticia da Silva Klemens

Minister of Mineral Resources and Energy, Republic of Mozambique

H.E. Leticia da Silva Klemens has recently been appointed the new Minister of Mineral Sources and Energy, by the President of the Republic of Mozambique H.E. Filipe Nyisi. 

Leticia Klemens was born in August 15th, 1972 in Maputo. Graduated in Communications in 1998 and in Law in 2005 by the Higher Polytechnic University Institute, Klemens is a well-known business woman.

Sultan Ahmed Bin Sulayem

Sultan Ahmed Bin Sulayem

Chairman and CEO
DP World Group

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer of DP World and Chairman of Ports, Customs & Free Zone Corporation, is one of Dubai's leading businessmen.
Mr Bin Sulayem’s expertise and visionary leadership spearheaded the rapid expansion of Dubai’s infrastructure, including ports and free zones, contributing significantly to the stellar growth trajectory of the United Arab Emirates. He was also a leader in developing the infrastructure supporting Dubai’s successful tourism industry, among various other sectors.

Highlights of his three-decade business career include:   

  • Leading marine terminal operator DP World’s expansion internationally, including the purchase of the P&O group for US$6.8 billion in March 2006, which propelled it to one of the largest global port operators and trade enablers in the world with 78 marine and inland terminals in six continents
  • Overseeing the rapid development of the Jebel Ali Free Zone (Jafza) into an unrivalled business park of more than 7300 companies
  • Establishing and leading Nakheel, a real estate and tourism property development firm that has created many iconic Dubai projects including The Palm, the world’s largest man-made islands
  • Establishing and leading Istithmar World, a major investment house focusing on private equity with a portfolio of investments in diverse sectors across North America, Europe, Asia and the Middle East including retail, financial services, industry, tourism and hospitality, and healthcare
  • Pioneering the Dubai Multi Commodities Centre (DMCC), a market for gold and precious metals, diamonds and coloured stones, energy and other commodities

Mr Bin Sulayem is a BS graduate in Economics from Temple University Philadelphia, USA. He is a Board Member of the “Dubai Executive Council”, the “UAE Federal Tax Authority” and “Hyperloop One”.

Adriano Maleiane

Adriano Maleiane

Minister of Economy and Finance
Republic of Mozambique

Adriano Afonso Maleiane is Mozambique’s Minister of Economy and Finance. Previously, he served as Governor of the Bank of Mozambique (1991-2006) where he oversaw the removal of the commercial banking arm and the restructuring of the Bank as purely a central bank. He participated in the foreign debt negotiation with the Paris and London clubs of creditors, which led to Mozambique’s HIPC debt cancellation.

Maleiane serves as Chair of the General Meeting (Presidente da Mesa da Assembleia Geral) of the Bank of Mozambique pension fund – Kuhanha; Non-Executive Chair of the Board of Maleseguros-Correctores de Seguros; Non-Executive Administrator of Tongaat Hulett as well as three companies in the Sasol Group in Mozambique; and Chair of the Board of Visabeira.

Maleiane has a degree in Economics from Universidade Eduardo Mondlane (Mozambique) and holds an MSc in Economics and Finance from the University of London

Filipe Nyusi

Filipe Nyusi

President, Republic of Mozambique
Celso Ismael Correia

Celso Ismael Correia

Minister of Land, Environment and Rural Development, Mozambique

Celso Ismael Correia is the Minister of Land, Environment and Rural Development of Mozambique. He was born in Maputo, began his studies in Maputo and continued in South Africa. On his return to Mozambique in 2001 he founded the \INSITEC Group, one of Mozambique's largest invest investor conglomerates. Later on he became the CEO of the Nacala Development Corridor and of the Mozambique's Investment Comercial Bank (BCI). He was elected to the FRELIMO Central Committee at the 10th Congress in 2012, and was head of Filipe Nyusi's election campaign office in 2014. This is his first government post. He is married with two daughters.

Carlos Agostinho Do Rosário

Carlos Agostinho Do Rosário

Prime Minister, Mozambique

Carlos Agostinho do Rosário is a Mozambican politician who has been Prime Minister of Mozambique since 17 January 2015. He is a member of the FRELIMO and serves under President Filipe Nyusi. He worked as a civil servant in the 1970s and was Governor of Zambezia Province between 1987 and 1994. Later he served a short while as MP in 1994 before becoming Minister of Agriculture and Fisheries, in which post he served until 1999. Afterwards he became a diplomat in Asia; his last position before his appointment as Prime Minister was as Ambassador to Indonesia.


Chaired by (1)

Andrew England

Andrew England

Middle East Editor
Financial Times

Andrew England is the Financial Times Middle East Editor. He was previously Southern Africa bureau chief from 2011 to 2016, and prior to this he held other positions including Abu Dhabi bureau chief and Middle East and North Africa correspondent. He joined the Financial Times in 2004 as East Africa correspondent.

Before joining the FT, England was East Africa correspondent for the Associated Press, and before that he was a freelance journalist in Nairobi. He started his journalism career as a reporter on Investment Week Magazine.

England has a BA hons in politics and history from the University of the West of England, and a postgraduate diploma in newspaper journalism from City University.

In 1998 he won the Autif Trade Journalist of the Year Award.

Speakers (16)

Ambassador Christopher Dell

Ambassador Christopher Dell


Ambassador Christopher Dell is Bechtel Chief Executive for Mozambique, where he leads on business development initiatives for the civil global business line. Ambassador Dell has over 32 years’ Foreign Service experience, serving in Europe, Africa, and South Asia.
In his most recent senior military service role, Ambassador Dell served as Deputy to the Commander for Civil-Military Activities, U.S. Africa Command from 2012 to 2013. He was U.S. Ambassador to the Republic of Kosovo from 2009-2012, and integral to the advancing of an ongoing bilateral partnership between the Government of Kosovo and the United States, which culminated in the signing of the Status of Forces Agreement. Ambassador Dell was the American Ambassador to Zimbabwe, from 2004-2007, where he contributed to progress in promoting the rule of law. He served as Deputy Chief of Mission at the U.S. Embassy in Kabul from 2007 to 2009 and was U.S. Ambassador in Angola from 2001-2004. Other Senior Foreign Service roles included a position in Kosovo as the Chief of Mission from 2000-2001 in the aftermath of the NATO air campaign which led to the withdrawal of Serbian forces from Kosovo. Following his term as Deputy Chief of Mission at the U.S. Embassy in Sofia, Bulgaria from 1997-2000, the President of Bulgaria granted Ambassador Dell the Order of the Madara Horseman, First Degree. He has been Deputy Director for the office of Regional Political Affairs for the Bureau of European and Canadian Affairs from 1994-1996 and Deputy Chief of Mission at the US Embassy, Maputo, Mozambique from 1991 to 1994.
Earlier in his career, Ambassador Dell was the Special Assistant to the Under Secretary for International Security Affairs, from 1989 to 1991 as well as Executive Assistant for the Greek Base Negotiations and Desk Office for Spain and Portugal in the Bureau of European Canadian Affairs of the State Department, as well tours of duty at the US Embassy in Lisbon Portugal, and at the US Consulate in Matamoros, Mexico.
Additional awards presented to Ambassador Dell include the Presidential Distinguished Service Award, 2004 the Ibrahim Rugova Peace Medal, 2012 and the Presidential Distinguished Service Award, 2004. Ambassador Dell gained his Master of Philosophy degree in International Relations from Balliol College, Oxford University in 1980, having graduated magna cum laude with a with a B.A. in political science from Columbia University in 1978.

Filippo Uberti

Filippo Uberti

Vice President, Eni Health, General Secretary
Eni Foundation, Eni

Filippo Uberti, Vice President, Eni Health, General Secretary of Eni Foundation has 10 years of experience in Executive management of Health in the Oil & Gas Industry and 20 years of medical experience with a background as a medical doctor qualified as Infectious diseases specialist. The activities developed include the health projects management, leadership and guidance, Team management & Organizational, Strategic planning and Governance, technical support and executive monitoring of all health aspects of the Eni S.p.A business in 70 countries in the world.

From the last 5 years has been Member of the Board of Trustees in FASEN – Italy, Head of health for the Upstream division of Eni and responsible of health promotion overseas. Filippo has expertise in the management of health social projects as well as within sustainable development initiatives; emergency management and health promotion programs for the Oil & Gas Industry; coordination of medical supervision and health audits; provision of assistance and support to the business and to subsidiaries in implementing corporate guidelines and in Crisis Management.

Chuma Nwokocha

Chuma Nwokocha

Chief Executive
Standard Bank, Mozambique

Chuma Nwokocha is the Chief Executive of Standard Bank, SA Mozambique; the country’s third largest bank and part of the Standard Bank Group, the largest banking group in Africa.

He has over 20 years experience of consulting and working in the Financial Services Industry. He joined Standard Bank in 2005 as the Chief Financial Officer and subsequently acted as its Chief Operating Officer for 2 years before being appointed the Head of Personal and Business Banking unit from where he assumed the office of the Chief Executive in February 2015. He sits on the Boards of the National Switch (SIMO) and Interbancos, a switch jointly owned with other banks

A Chartered Accountant by training, Chuma holds a first degree in Agricultural Economics as well as a Henley MBA. He is also a Tutu Fellow of the African Leadership Institute at Saïd Business School, Oxford

Denise  Cortes-Keyser

Denise Cortes-Keyser

Managing Director

Denise Cortês-Keyser is the managing director of Zoona in Mozambique. Zoona is a financial technology (fintech) company founded in 2009, with operations in Zambia, Malawi and Mozambique - whose main focus is building financial inclusion by providing affordable digital financial services to communities. Since launching, Zoona has processed over $1 billion in mobile money transactions, empowered over 1,000 entrepreneurs to start their own business, and gathered 1.5 million loyal consumers.

Denise heads up Zoona's newly launched Mozambique operation. She is also a well-known television pundit and expert on macro-economic issues, development and entrepreneurship. She is also currently a Vice President at the Mozambican Football Federation, and has a fifteen-year career as a business advisor.

Andrew Fimister

Andrew Fimister

Director of Operations and Co-Founding Partner
Maris Africa

Andrew Fimister is a Founding Partner and Operations Director at Maris Capital Ltd. Mr. Fimister oversees the Maris Africa Fund's Southern Africa investment pipeline, as well as managing the fund’s portfolio companies in Angola and Mozambique. Prior to joining Maris Capital, he consulted for BHP-B and VALE in southern Africa. Prior to this, Mr. Fimister worked for the HALO Trust. Before HALO, he spent four years in mainland China and working in Sino-British joint ventures. Mr. Fimister is a specialist in frontier markets. He speaks English, Portuguese and Mandarin. Mr. Fimister is a graduate of Newcastle University, where he studied Politics and Chinese.

Mario Macaringue

Mario Macaringue

Technical and Commercial Director, Executive Board

Mr. Mário Jorge Macaringue graduated in Civil Engineering from Universidade Eduardo Mondlane in 1996. He owns a MBA in Oil and Gas Management from Instituto de Ciências e Tecnologia de Moçambique since 2014. Since his graduation in 1996 he has worked as Structural, roads and construction Engineer in consulting and construction companies until 2003. He also worked as a real estate appraiser.

In 2004 he was appointed Municipal Councilor for Development of infrastructure for Maputo Municipality. During 8 years he was responsible for planning, construction, maintenance and management of infrastructure, particularly roads, traffic, sanitation and drainage, water supply, municipal buildings, parks and gardens, licensing of buildings. Mr. Macaringue has a great knowledge of municipal management through its participation in the reform process carried out in the Municipal Council of Maputo initiated in 2004.

Since 2001 he is lecturer of ‘’Stability and Structural Systems’’ at Faculty of Architecture and Planning of Universidade Eduardo Mondlane. He was President of the Council Civil Engineers of The Mozambique in 2010. He was the Managing Director of Royal HaskoningDHV Lda since 2011, President of the National Consulting Firms Association – AEMC, Chairman of the Mozambique Water Platform – PLAMA and Vice-President of the Construction Field for Studies and Projects of CTA – The of the Confederation of the Economic Associations. Mario is currentlyTechnical and Commercial Director, Executive Board, CETA ENGENHARIA E CONSTRUCAO.  

Brian Richardson

Brian Richardson

CEO & Founder
WIZZIT International

Educated at Wits University with a BCom and an MBA. Brian is currently a Founding Director and CEO of WIZZIT International, a global pioneer in mobile banking and financial inclusion.

WIZZIT was launched in South Africa in November 2004 and in providing affordable banking to the mass market was the first to launch as part of its offering, cell phone banking that works across all the networks and all phones and SIM cards. WIZZIT solves not only an accessibility and affordability issue but from a convenience point of view offers 24/7 real time transactions and hence is “Your Bank in Your Pocket.” WIZZIT has taken its technology and branchless banking model to emerging markets in Africa, Central America and Eastern Europe.

Brian is listed in Who’s Who of South African Business as well as the International Biography of Distinguished Leaders. He is an Ashoka Fellow – a global network of social entrepreneurs.

He has also been invited to present at Harvard Business School on several occasions and is a key note speaker at many leading global conferences.

WIZZIT has launched its mobile banking technology and model in 9 countries across three continents with other countries in the process of being finalised. There are well over 6 million customers on the WIZZIT International Platform processing millions of transactions.

Brian is married to an equally entrepreneurial wife and has 2 daughters and twin boys.

Jason Sumich

Jason Sumich

Senior Research Fellow
GIGA Institute of African Affairs

Jason’s recebt PhD focused on nationalism and elite formation in Mozambique. Since then he has worked on issues of urban social inequality and changing political structures in Mozambique for the Crisis States Research Centre at the London School of Economics. His current research interests comprise nationalism, democracy, legitimacy and the middle classes in Maputo, Mozambique. Jason has a BA (University California, Santa Barbara), MA (University of Cape Town), PhD (London School of Economics). Jason is also a former Postdoctoral Fellow in the Human Economy Programme, University of Pretoria, South Africa.

Venkataramani  Srivathsan

Venkataramani Srivathsan

Managing Director & CEO of Africa and Middle East
OLAM International

Venkataramani Srivathsan (“Sri”) joined Olam International in 1994 and has more than 25 years of experience in the commodities industry.  He has held various positions in the Olam group, including country head, Ghana; country head, Nigeria; and regional head, West and Central Africa.  Currently, he is the managing director and CEO for Africa and the Middle East, with oversight responsibility for the fertiliser business.

Mr Srivathsan belongs to the 12-member executive committee that is Olam’s top policymaking body, and is a member of its human resource and crisis committees.  He is also the vice-chairman of the Singapore Business Federation, a member of the NTU-SBF Centre for African Studies executive committee as well as on the advisory board of the Pan African University Lagos (Lagos Business School). 

With over 20 years of pan-African experience, Mr Srivathsan has presented many papers on small holder farmer in the Pan African forums.  He has also been part of the advisory committees for the ministry of agriculture and the ministry of trade and industry in Nigeria.  Under his leadership, Olam Nigeria won several international and national awards.  He was awarded a prestigious World Business for Peace Award in 2010.  

Nicholas Goble

Nicholas Goble

International Director
DuPont Pioneer, Africa

Nicholas Goble is currently the International Director for PANNAR SEED’s ESCA businesses and serves on the DuPont Regional Commercial Team, Africa.

As Commercial Leader, Mr Goble is responsible for growing sales and profits within more than 10 countries. He works closely with and supports the company’s country leaders to build commercial strategies and capabilities in the markets.

He joined PANNAR SEED (Pty) Ltd‘s International Department in 1995, looking after the Southern African Customs Union countries in a business development role, but later expanded his area of responsibility to Angola, Mozambique, Zambia and Tanzania. In 2005 Nicholas took full responsibility for PANNAR’s business interests in Africa.

Over the years, Nicholas successfully developed three greenfield PANNAR companies in Africa and has been responsible for the business growth of nine PANNAR companies and a number of secondary territory business relationships.

Nicholas has a Bachelor of Agricultural Management from the University of Natal. He has been a member of AFSTA since its inception in 2000 and has led the association as Vice President in 2012-2013 and President in 2014-2015. He also chaired AFSTA’s Seed Harmonisation Committee and believes that a less restrictive and a more standardised approach to seed trade in Africa will open many new opportunities to farmers in Africa.

Alon Lits

Alon Lits

General Manager, Sub-Saharan Africa

Alon Lits joined Uber as its first General Manager in Africa in August 2013. Mr Lits began his career in the leveraged finance division of Investec Bank Limited, where he provided debt and preference share financing solutions to public and private companies in South Africa, as well as Africa’s largest private equity funds. Before joining Uber, he interned with the emerging market focused private equity fund - LeapFrog Investments - focusing on investment opportunities throughout Africa. He holds an MBA from INSEAD where he was part of the leadership teams of both the Private Equity and Africa Clubs.

Herbert Wigwe

Herbert Wigwe

Access Bank

Herbert Wigwe is the CEO of Access Bank, one of Nigeria’s top five banking institutions with subsidiaries across sub-Saharan Africa and the United Kingdom. Following a more than 25 year career in financial services including over a decade as deputy managing director, Mr Wigwe was appointed CEO and group managing director in January this year. He is leading the bank on a journey to become the world’s most respected African bank.

Mr Wigwe began his career at Coopers & Lybrand, Lagos as a management consultant before joining Guaranty Trust Bank (now GT Bank) where he pioneered industry defining products and initiatives in oil and gas, telecommunications and construction.

In 2002, Mr Wigwe and his business partner saw a unique opportunity to transform the Nigerian banking sector and led a group of investors to acquire what was then a small commercial bank, Access Bank. In just 12 years Access Bank has been transformed from the 65th largest of the 89 banks in the country to become one of Nigeria’s four largest banks serving over 7m individual and corporate account holders, through 350 branches and with more than 1,500 ATMs in major centres across Nigeria, Sub-Saharan Africa and the UK. Mr Wigwe and the management of Access Bank provided industry leadership in ensuring the stability of the banking sector and the Nigerian economy in 2009 when most of the world’s strongest economies went into recession. The bank continues to provide innovative products and offerings which have strengthened its positioning and perception as a customer-centric institution while meeting the need to extend banking services to a greater proportion of the Nigerian population.

Mr Wigwe, who serves on boards of several organisations, including as the chairman of Access Bank (UK) Ltd and Access Bank (Ghana) Ltd, is acknowledged for his defining role on the Board of Friends Africa, an adjunct of the Global Fund committed to galvanizing African governments, the private sector, and civil society for the purpose of bringing about sustainable and effective methods of addressing AIDS, TB and malaria in Africa. He is a sustainability champion with personal commitment to a number of orphanages and motherless babies’ homes. His foundation also offers scholarship to indigent students in tertiary institutions across the country and has renovated and adopted schools for the purpose of inclusive education.

Mr Wigwe is a Fellow of the Institute of Chartered Accountants of Nigeria and holds a degree in Accountancy from the University of Nigeria. He also holds an MA in Banking and Finance from the University College of North Wales (now Bangor) and an MSc in Financial Economics from the University of London respectively. He is an alumnus of the Harvard Business School Executive Management Programme and attended Advanced Management programmes at IMD Laussane, Switzerland.

Roland Kjell

Roland Kjell

Managing Director and Chief Executive Officer

Kjell Roland has served as the Managing Director and Chief Executive Officer at Norfund since 2006. He founded ECON in 1986, and served as its Senior Partner or Chief Executive Officer over two decades. He has been Deputy Chairman of Nordic Mining ASA since June 2013. Mr. Roland serves as the Chairman of Agua Imara AS. He served as a Director at Norwegian Microfinance Initiative. He served as a Director of Statkraft Norfund Power Invest AS.

Rui Barros

Rui Barros

Chief Executive Officer
Barclays Bank Mozambique

Rui Barros is the CEO and Board Member of Barclays Bank Moçambique. Until this appointment he was the Chief Risk Officer at Standard Bank in Mozambique, where he also served as Head of Credit before. His exposure to Africa started in 2009 when appointed as Head of Risk at Atlantico Europa, the Lisbon-based operation of the Angolan’s banking group (more recently merged with the Russian -owned VTB Africa). Prior to that, Mr Barros worked in London for about 5 years, serving as credit analyst at Fitch Ratings and later becoming a Director of Structured Finance for Lehman Brothers at their European headquarters. Earlier in his career Rui worked in capital markets, namely at the Portuguese stock and derivatives exchange, and lectured in financial markets at several Portuguese universities in post-graduate programs. Rui graduated in Economics at UTAD and holds a Master of Science in Finance from the Portuguese Catholic University. He also studied and engaged in academic research in the USA, at Arizona State University.

Paul Eardley-Taylor

Paul Eardley-Taylor

Head of Oil & Gas, Southern Africa
Standard Bank Group

Paul Eardley-Taylor is responsible for Standard Bank’s Oil & Gas sector coverage activities for Southern Africa, across upstream, midstream, downstream, services and process industry clients.

Paul has 18 years of energy corporate and investment banking experience, covering the Oil & Gas, Power & Utilities and Renewables & Carbon sub-sectors, and has been based in Africa for over 8 years. Paul has extensive experience of the SA/Southern African energy environment, as adviser, banker and financier.
Prior to joining Standard Bank in 2009, Paul worked for HSBC for over 10 years and gained extensive experience of transactions across EMEA and select global markets in Asia/Australasia.

Paul holds degrees from Birmingham University; London University and a MBA from Henley Management College. Paul is a Fellow of the Securities & Investment Institute, a member of the Energy Institute and has completed Harvard Business School’s Global Energy Seminar

Ari Aisen

Ari Aisen

Resident Representative
International Monetary Fund (IMF) Mozambique

Ari Aisen, a national of Brazil, joined the IMF in 2003 and has gained extensive experience as a macroeconomist during his career. He has worked in the Western Hemisphere, Asia-Pacific, Middle East and Central Asia, Africa, and Monetary and Capital Markets Departments covering a wide range of countries including Bolivia, Dominican Republic, Nepal, Tajikistan, Uganda and Uruguay. Mr Aisen spent several years at the Central Bank of Chile where he accumulated experience on monetary policy-making under inflation targeting and was able to significantly contribute to the development of inflation targeting in his latest assignment in Uganda. Mr Aisen was also an IMF Resident Representative in Tajikistan.

He is currently the Resident Representative of the IMF Office in Mozambique, since September 2016.

Before joining the IMF, Mr Aisen was a student at the University of California in Los Angeles, where he concluded his PhD in 2003. He taught macroeconomics, monetary economics, and international finance and trade in various universities in Brazil, Chile, Israel, and the United States and has published several academic articles in internationally renowned newspapers in the fields of international finance, macroeconomics and political economy.


Agenda - 2nd Nov

  • 8:00am
    Registration and Refreshments
  • 9:00am
    The President Arrives


  • 9:10am
    Welcoming Address

    H.E. Iolanda Cintura, The Governor, City of Maputo

  • 9:15am
    Chair's Opening Remarks

    David Pilling, Africa Editor, The Financial Times

  • 9:20am
    Welcoming Remarks

    H.E. Adriano Afonso Maleiane, Minister of Economy and Finance, Republic of Mozambique

  • 9:25am
    Opening Presidential Address

    H.E. Filipe Jacinto Nyusi, President, Republic of Mozambique  

  • 9:50am
    Keynote Address: Restoring Stability to the Economy
    • The financial sector is currently stable, however it is still at risk from external and internal vulnerabilities 
    • What measures are being implemented to combat the culture of corruption, fraud and tax avoidance?
    • How can access to finance be improved?

    H.E. Adriano Afonso Maleiane, Minister of Economy and Finance, Republic of Mozambique

  • 10:20am
    Financial Focus: Key Drivers for Growth within a more Resilient and Transparent Landscape

    Mozambique's economic growth outlook had been considered to be getting brighter, however, with sudden revelations of large amounts of undisclosed debt the focus is now about the full restoration of trust and confidence in the financial environment. This also comes at a time when the economy is waiting for a pivotal break in speeding up the potentially transformational LNG projects. The panel discussion will discuss:

    ● How different experts and officials perspectives will influence Mozambique’s prospects
    ● What are the main ways to re-build trust through transparency to strengthen the credibility
    ● Where are main areas for economic diversification against the backdrop of elevated risks and ongoing global financial crisis
    ● IMF: Building greater accountability and managing debt towards financial stability
    ● Developing a clear system of regulatory and tax rules
    ● Protection of foreign investment
    ● Where are the opportunities for restorative economic growth?

    Moderated by: Andrew England, Middle East & Africa News Editor, The Financial Times

    Ari Aisen, Resident Representative in Mozambique, IMF

    Dr Rui Barros, Chief Executive Officer, Barclays Bank Mozambique

  • 10:45am
    Networking break
  • 11:15am
    LNG Discussion: Gas Projects: An Update on Licensing Rounds and Gas Developments

    While it is expected that LNG production will not kick off until 2020 at the earliest, it will transform the structure of Mozambique’s economy, as well as government revenues and exports among other things. Concerns that the collapse in oil prices could cause big delays in the commercialization of Mozambique’s LNG projects is putting increased focus the potential of new power transmission lines to boost power trading

    This panel will discuss:
    ● What is the latest status of Mozambique’s natural gas resources and projects
    ● How to manage both national and international expectations: maintaining interest in the medium and long-term potential of LNG
    ● What can power generation using renewable sources do to plug the gap in energy markets
    ● Examining the need for more regulatory frameworks to support sustainable, renewable energy growth

    Moderated by: Andrew England, Middle East & Africa News Editor, The Financial Times

    Opening Keynote: H.E Leticia da Silva Klemens, Minister of Mineral Resources and Energy, Republic of Mozambique

    Roland Kjell, Managing Director and CEO, Norfund

    Paul Eardley-Taylor, Head of Oil & Gas, Southern Africa, Standard Bank Group

  • 11:45am
    Keynote: How Oil & Gas Projects Development Can Offer Growth Opportunities Beyond Energy Industry
    • Opportunities for investment in the community and strategic health management
    • The role of the social development and health policy making processes

    Filippo Uberti, Vice President, Eni Health, General Secretary, Eni Foundation – Eni

  • 12:10pm
    In Conversation: Thriving in the New GLobal Economic Landscape

    Chuma Nwokocha, Chief Executive, Standard Bank, Mozambique

    Interviewed by: David Pilling, Africa Editor, The Financial Times   

  • 12:30pm
    Networking lunch
  • 2:00pm
    Partnership Debate: Accelerating Infrastructure Transformation: Improving Ports, Roads, Airports, Marine Services, Telecommunications & Power Sector

    Mozambique has massive potential underpinned by its vast natural resources, but it will take some time until the benefits spread through the whole economy. Key hurdles are the challenge to diversify the economy and upgrade transport infrastructure to meet rising demand. Mozambique’s transport infrastructure and links remain in disarray two decades after its civil war ended.
    This panel will discuss:
    ● How to examine how to reduce the dependency of Mozambique on imported refined oil products
    ● How delays in LNG is furthering the need for diversification, the role of renewables, new power generation project
    ● How will infrastructure financing be handled – the role of BOT (Build, Operate and Transfer)
    ● Where are the key opportunities for investment in ports and transportation infrastructure
    ● Securing investment in new communications eco-systems
    ● What is the future potential of the recently upgraded airport for tourism

    Opening Keynote: Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World

    Moderated by: Andrew EnglandMiddle East & Africa News Editor, The Financial Times

    Ambassador Christopher Dell, Chief Executive, Bechtel, Mozambique

    Mario Macaringue, Technical and Commercial Director, Executive Board, CETA ENGENHARIA E CONSTRUCAO

  • 2:40pm
    Panel Discussion: Agriculture is key: Balancing national vs foreign based investment

    More investment is needed in agriculture as the most widespread economic activity. The largest, most accessible region of fertile lands in southern Africa are proving a magnet to enterprising investors, particularly from South Africa and Zimbabwe. This panel will discuss:
    ● What are the different means and potential for growth in this sector
    ● Private or private/state joint venture farming is increasing: How to raise the production of export crops such as sugar, citrus, copra, tea, cotton and sisal
    ● The role of subsistence and smallholder farming
    ● New initiatives and the government’s Poverty Reduction Action Plan (2011-2014) to improve lives by increasing productivity in agriculture and fishing

    Opening Keynote: H.E. Celso Ismael Correia,Minister of Land, Environment and Rural Development, Mozambique

    Moderated by: David Pilling, Africa Editor, The Financial Times   

    Nicholas Goble, International Director, DuPont Pioneer, Africa

    Srivathsan Venkataramani, Managing Director of Africa and Middle East, OLAM International

  • 3:30pm
    Networking Break
  • 4:00pm
    Think Tank: An Emerging Middle Class: Education, Skills, Financial Inclusion- State Vs Private Development & Capacity

    With the rapid growth in Africa and Mozambique, the mismatch between readily available talent and the jobs that need to be filled is a regular concern for multi-nationals and start-ups.

    • The emerging middle class: political transformations; elite formation; democratisation; citizenship and inequality in Mozambique
    • Supporting individuals: key ways to support thriving and surviving in this context? 
    • How do companies identify entry-level workers and groom them for middle management quickly?
    • What opportunities lie for private sector development?
    • The role of technology, financial resources, business skills?
    • How can emerging mobile payments and alternative banking enable entrepreneurism and growth of SMes
    • Financial inclusion: Potential availability of microenterprise development

    Moderated by: David Pilling, Africa Editor, The Financial Times

    Dr Herbert Wigwe, CEO and Group Managing Director, Access Bank plc

    Alon Lits, General Manager, Sub-Saharan Africa, Uber

    Brian Richardson, CEO & Founder, Wizzit

    Dr Jason Sumich, Senior Research Fellow, GIGA Institute of African Affairs

  • 4:40pm
    Doing Business in Mozambique: Negotiating and Executing Better Deals

    Mozambique is keen to explore global partnerships to support further growth with many key sectors across construction, services to enterprises, transport, energy, telecommunications, the financial sector and the extractive industries.
    This panel will discuss:
    ● What are the risks, benefits, strengths and challenges of doing business in the region
    ● Legal considerations complying with local labour laws and new anti-bribery and anti-corruption bills (2012)
    ● Increasing cultural understanding of the nation’s culture and etiquette of doing business
    ● Gaining the correct balance of education and training using native workforces

    Moderated by: Andrew EnglandMiddle East & Africa News Editor, The Financial Times

    Keynote Address: H.E. Ernesto Max Elias Tonela, Minister of Trade and Industry, Republic of Mozambique

    Andrew Fimister, Director of Operations and Co-Founding Partner, Maris Africa

    Denise Cortes-Keyser, Managing Director, Zoona

  • 5:10pm
    Closing Keynote Address: The future for Mozambique: Building a new era and the catalysts for change

    H.E. Carlos Agostinho Do Rosário, Prime Minister of Mozambique

  • 5:30pm
    Close of Conference
  • 5:35pm
    Drinks Reception


Polana Serena Hotel
1380 Av. Julius Nyerere
Maputo 00100


Tel: +258 21 241 700



We have negotiated a reduced rate at the Polana Serena Hotel Maputo for attendees of the summit. To take advantage of the reduced rate, please contact Tassia Monjane on and quote FINANC1031.


Lead Partner (1)

Standard Bank Mozambique is member of Standard Bank Group, Africa’s largest bank by assets. Established in Mozambique for over a century and with a wide network of branches throughout the country, Standard Bank provides the full spectrum of financial services ranging from retail to corporate banking.

Its Corporate & Investment Banking division serves a wide range of requirements for banking, finance, trading, investment and advisory services. The Corporate and Investment Banking division delivers this comprehensive range of products and services relating to: investment banking; global markets; and global transactional products and services.

Standard Bank’s personal & business banking offers banking and other financial services to individuals and small-to-medium enterprises, which includes mortgage lending, instalment sale and finance leases, card products, transaction and lending products, and bancassurance.

About Standard Bank Group

The Standard Bank Group is the largest African banking group by assets with approximately USD 128 billion in assets at 31 December 2015. It has operations in 20 African countries, including South Africa, and representative offices in key markets around the world, including New York. Standard Bank has a clear purpose: Africa is our home, we drive her growth.

Gold Sponsor (1)

Eni is an integrated energy company employing more than 34.000 people in 69 countries in the world. Eni engages in oil and natural gas exploration, field development and production, as well as in the supply, trading and shipping of natural gas, LNG, electricity and fuels. Through refineries and chemical plants, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and chemical products that are supplied to wholesalers or through retail networks or distributors.

Eni’s strategies, resource allocation processes and conduct of day-to-day operations underpin the delivery of sustainable value to all of our stakeholders, respecting the countries where the company operates and the people who work for and with Eni.

Media Partner (4)

Club of Mozambique is your online gateway to Mozambique, offering up-to-date information and news relating to business, politics and other economic activities in Mozambique. We are a leading news source, giving global brands access to an affluent online audience through our media partnerships.

We also offer the ideal opportunity for visitors to Mozambique to access useful business and tourism information. Our What’s On section is updated daily and showcases a wide variety of entertainment, business and other events. Potential investors will find a list of over 1000 companies in our Business Directory.

This is Africa, a digital service from the Financial Times, examines African business, development and politics in a global context, making sense of the relationships that Africa is building with the rest of the world. It challenges international preconceptions about the continent and identifies the opportunities and risks in this dynamic business environment.

Follow us on Twitter @ThisIsAfrica

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Africa Confidential is one of the longest-established specialist publications on Africa, with a considerable reputation for being first with in-depth news and analysis on significant political, economic and security developments across the continent.

Our track record owes much to our comprehensive network of local correspondents, and the connections we’ve built up throughout Africa since we started publishing back in 1960.

Why ‘confidential‘?

This continent-wide, on-the-ground coverage enables us to identify and monitor upcoming issues long before they are picked up by the general media – and analyse their real significance for our readers.

What’s more, all our contributors write for us on the basis of strict anonymity, a principle that was established from the outset in 1960 to ensure writers’ personal safety in the turbulent, early years of post-colonial African independence.  Hence the newsletter’s title.

Who reads Africa Confidential?

Africa Confidential is read fortnightly by a wide range of governmental, multilateral and academic institutions, NGO’s, risk advisory firms, multi-national corporations and individuals around the world - all united in their need for timely, accurate and incisive analysis of contemporary African developments. is the website to visit for the most up to date investment news, stories, reports and exclusive interviews with top executives, decision-makers and leaders within the various business sectors of Tanzania. provides onsite-researched information to better identify investment trends within the country, anticipate the impact that these investments will have on the Tanzania economy, and predict the next big investment opportunity based on market trends, shifts and new discoveries. covers the most vibrant sectors of the country’s economy namely agriculture, banking & finance, construction & real estate, energy & mining, industry & trade, telecoms, tourism and transport. 


Marianne Haddad-Mazou
Chief Strategic Advisor, Africa and Sponsorship Opportunities
Financial Times
Julia O'Hegarty
Senior Content Editor
Financial Times
Funmbi Adenubi
Delegate Booking and Registration Enquiries
Financial Times
Lara Cornaro
Marketing and Communication Enquiries
Financial Times

Supporting Organisation (1)

British High Commission in Maputo

Av. Vladimir Lenine 310, Maputo, Mozambique