The American NGO Technoserve (TNS), founded in 1968 by businessman Ed Bullard, operates under the motto, “business solutions to poverty.” John Kingman Walter, Director of Technoserve Mozambique, explains, “Technoserve works with investors to improve a project’s chances of success. We know the local environment, we know the industries, we know the opportunities, and we have successfully developed companies in a variety of sectors together with investors from around the world.”
TNS Mozambique provides a full range of support services for investors, from market research to capital-raising, industry analysis, identification of managers in sectors of interest, and more. “Virtually anything an investor needs, we can help with it,” Mr. Walter points out.
In Mozambique, Technoserve’s greatest impact includes helping to revitalize the cashew industry by launching processing factories, training farmers and establishing a trading company for locally produced nuts. As a result, 6,000 new jobs have been created in rural areas and the country’s industry is once again globally competitive. TNS has also launched an innovative and highly effective development strategy for the poultry industry, which has resulted in a quadrupling of output since 2005. Other projects include the establishment of a competitive fruit sector, including support of coconut farmers and banana production, the promotion of alternative energy start-ups, eco-tourism ventures and sustainable forestry operations.
Technoserve regularly partners with the United States Agency for International Development, the United States Department of Agriculture, the Bill and Melinda Gates Foundation and other global organizations. TNS is very confident about the country’s future. Remarks Mr. Walter, “Mozambique is a very promising investment destination and we at Technoserve look forward to helping investors around the world fulfill that promise.”