Goodyear to sharpen act in Mozambique

ERJ staff report (BC)

Lagos, Nigeria – American tire maker Goodyear is set to improve its operations in Mozambique as part of its African expansion plans, reports Ventures Africa.

Victor Soares, the newly appointed country manager, is quoted as telling Business Day Live (BDLive) that short term, the company plans to advance competencies and identify valuable new markets.

“The longer term vision is to expand Goodyear’s operations to capitalise on double-digit gross domestic product growth in Mozambique,” Soares added.

The tire maker currently has 78 employees in Mozambique. But Soares told BDLive that this could rise to 120 in the near future.

Goodyear has had a presence in Mozambique for more than a quarter of a century.

Ventures Africa comments that Mozambique has previously been favoured as an investment destination among southern African countries because it imposes few obstacles to startups. However, confidence has been sapped lately by the re-emergence of guerrilla opposition to the government.

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Full story from Ventures Africa