|By PR Newswire||
|August 4, 2014 03:06 AM EDT||
MAPUTO, Mozambique, August 4, 2014 /PRNewswire/ --
PowerVia Africa closes new deals in logistics sector benefiting from economic boom in Mozambique and in the neighbor countries
The recent discovery of large natural gas reserves, the high energy potential due to vast coal and oil reserves and hydroelectric resources has set the pace for an economic boom in Mozambique. The country has successfully attracted investment for large scale projects. Foreign direct investment has been one of the main drivers of growth. Besides the extractive sector, foreign investors and companies have also been positioning in the construction, financial and services sectors.
PowerVia Africa, a heavy lifting logistics operator who started its activity in early 2012, quickly become a reference player in the logistics sector in Mozambique. In 2011, when the company was evaluating the investment potential in the country, two major factors justified the bid: economic fundamentals and the lack of qualified service providers in the logistics sector.
A successful Greenfield entry and a high growth strategy positioned PowerVia Africa as a strong player in a short period of time. The company built strong relationships with blue-chip clients like Vale and Bolloré, Hidroeléctrica Cahora Bassa or Mota Engil, providing services for the largest investment projects in the infrastructure, mining and energy sectors.
"There are critical factors that justify our fast growth in the Mozambican market. Firstly, our positioning as a heavy lifting operator active in two key areas: abnormal transportation and crane rental, providing a bundled service, which is highly valued by clients. Secondly, we built a strong locally based management team, with proven capabilities in the operations, commercial and financial areas. Thirdly, we set operational sites in different provinces of the country. We have now a strong regional presence, with operations in Mozambique´s key areas: Maputo, Nacala, Beira, and also in neighboring countries, such as Malawi" - says Gonçalo Reis PowerVia's CEO.
Beyond the success the company has already achieved, PowerVia Africa still faces exciting growth perspectives, both in Mozambique and the region. It has the potential to tap into neighbor countries and other African markets as a platform company, whose services are highly valued by clients with operations in the continent, which has already been the case in Malawi with Mota-Engil, and in Zimbabwe, where a "door-to-door" project was executed for Efacec, an energy equipment producer. PowerVia Africa has also the potential to play a key role in the important Mozambique's Oil&Gas projects that will require professional and reliable locally established service providers. Industry estimations indicate that for every dollar spent in large, complex investments, 3-5% is spent in logistics, which in the case of the heavy logistics market associated with Oil&Gas projects should represent USD 300-500 million (on the basis of a first phase investment in the region of USD 10 billion).
Contact: José Pessanha - +258844805656
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