CNBC Africa opens office in Mozambique


CNBC Africa, a CNBC International franchise owned by Africa Business News, has entered into a joint venture with Mozambique's state broadcaster, Televisão de Moçambique (TVM), and will open a bureau in Maputo. CNBC Africa's country bureau representative will be Sunnyboy Mshengu.

The Maputo bureau joins its sister offices in Johannesburg, Cape Town, Nairobi, Lagos, Abuja, Windhoek, Libreville and Lusaka, making it the seventh African country to boast a CNBC Africa presence. CNBC Africa plans to have bureaux in 20 African territories by the end of 2014.

The link between Maputo and CNBC Africa's Sandton (Johannesburg) studios is currently being tested, and should be finalised in time for coverage of Mozambique's National Independence Day on 25 June.

It makes perfect sense for CNBC Africa to establish a permanent presence in Mozambique, says Sid Wahi, the ABN Group's vice president for business development. "Since 2001, Mozambique has been one of the world's top 10 countries for annual average GDP growth. This is a country that has overcome a decades-long civil war and tackled massive socio-economic challenges, to become one of the most exciting economies globally," says Wahi.

"It is therefore quite clear that in order for CNBC Africa to fulfil its mandate as the continent's leading source of accurate, reliable and actionable business and finance information, it must have its finger firmly on the pulse of the Mozambican economy."