Mozambican entrepreneur Agostinho Vuma, was elected president of the SADC Business Council Business Confederation (SADC BC) and member of its Executive Committee Executive Committee (EXCO) for the period 2020-2021.
The election of Vuma, who is also president of the Confederation of Economic Associations of Mozambique (CTA), was made within the scope of the annual general meeting of the body, recently held.
The SADC BC is the highest body of business associations at the SADC level, which comprises 16 member states and 6 business associations.
In a press release, the Confederation of Business Associations of Mozambique explains that the SADC Business Council’s mission is to influence
the formulation of public policies to facilitate market access, industrialization, value chain development and regional, continental and global socio-economic development.
The Interim Secretariat of this association works with the NEPAD Business Foundation. The Executive Committee of the SADC BC follows the model of the SADC Troika and is composed of a president, vice president and a treasurer.
“The CTA will focus, in this presidency, on endogenizing the regional economy through financing industrial development and strengthening partnerships to share resources for the benefit of business development and the peoples of the community,” the statement said.
