- Maputo Maputo City
- [email protected]
As founder and Chairman of Insitec SGPS in Maputo, Mozambique, Celso Correia oversees a multifaceted corporation that has substantial holdings in the real estate, construction, financial services, and energy industries. At the helm of Insitec SGPS since 2001, Mr. Correia has turned his company into one of the largest and most highly diversified conglomerates in Mozambique, managing a wide range of projects in the private and public sectors alike. Mr. Correia has positioned Insitec SGPS and its subsidiaries for considerable success in Mozambique and beyond. He has built an outstanding corporate record through sound investments, strategic partnerships, and key acquisitions of industry-leading enterprises. Among Mr. Correia’s most recent accomplishments with Insitec SGPS is the purchase of Mozambican construction firm CETA in May 2011. This purchase allowed him to add a crucial new component to the Insitec SGPS subsidiary Insitec Constrói. With this acquisition, Mr. Correia immediately grew Insitec Constrói’s capabilities to handle a vast array of infrastructure projects. The subsidiary added more than 2,500 new employees to the company payroll and took control of the nation’s largest fleet of construction machinery and vehicles. Prior to obtaining CETA, Celso Correia fortified his Insitec Investimentos subsidiary with sizable investments in Mozambique, Angola, South Africa, and Malawi. These include an 18 percent stake in Banco Comercial e de Investimentos, the second largest commercial bank in Mozambique; a joint rail and port development venture with SDCN and its holding companies Central East African Railways and Northern Development Company; and an energy partnership with GigaMethanol BV. Another major joint project of Insitec SGPS is Hidroeléctrica de Mphanda Nkuwa, which promises to deliver clean energy to businesses and families across southern Africa.