Deputy President David Mabuza is currently on a working visit to Oslo, Norway. He’s attending the Nordic-Africa Business Association (NABA) Summit which is held at the Clarion Hotel.
The purpose of Mabuza’s NABA attendance
The summit began on 7 October 2019 and it will conclude on
the 9th. According to the South African (SA) government, Mabuza’s participation
will allow him to “engage various investors and business leaders from Nordic
countries as part of SA’s drive to attract foreign direct investment into the
The deputy president is also expected to hold bilateral meetings with the government of Norway. He hopes to be able to strengthen “fraternal relations between the two countries.”
What the Norway summit is about
The SA government gave a breakdown of what the summit was about saying:
“The NABA Summit is the Nordic region’s leading business conference focusing exclusively on Africa, with the aim of expanding and strengthening economic ties between the Nordic region and the African continent.”
South African government
This year the theme for the summit is “Better Business
Together.” It promotes dialogue, networking, and confidence building to support
SA and the African continent’s economic agenda.
Who will be in attendance
Nigeria’s Deputy President Yemi Osinbajo joined Mabuza at
the summit to represent the continent. SA and Nigeria are the leading economies
NABA expects attendance by hundreds of guests, investors,
and policy makers from more than 35 countries. Some will be from Nordic
countries which comprise of Denmark, Finland, Iceland, and Sweden.
SA’s working relationship with Norway
The region is an important source of Foreign Direct
Investment for SA. It has more than 150 companies operating in our country.
The Norwegian Sovereign Wealth Fund has invested more than
R90 billion in SA. Bilateral trade with the region amounts to more than USD 2
What SA hopes to achieve at NABA
SA’s participation at NABA will be focused on strategic
sectors such as energy, finance, technology, health, the oceans economy, and
agribusiness. Deliberations there will also “include economic opportunities
presented by the operationalisation of the African Continental Free Trade
In this regard, Mabuza will host an exclusive SA Investment Roundtable
with Chief Executive Officers (CEOs) from the biggest companies in the region. The
roundtable’s purpose will be to try and position SA as a preferred investment
Mabuza to meet with Norway’s prime minister and others
SA’s deputy president will also meet with the Prime Minister
of Norway, Her Excellency, Erna Solberg. He will also hold bilateral meetings
with Norwegian government ministers in digitalisation, science, higher education,
petroleum, and energy sectors.
Mabuza was to be accompanied by the Minister of Trade,
Industry and Competition, Ebrahim Patel, Deputy Minister of International
Relations and Co-operation, Alvin Botes, SA business delegations, and senior