Omar Mithá

Mozvest Conference Speaker

Mr Omar Mithá (50) is a Mozambican national. He holds a degree in Economics (1992) and a post-graduate course in management. He started his career as a teacher at the Commercial Institute (Accounting School) in 1987. In 1990, prior to completing his studies, he joined the Local Industry Institute (IDIL, Ministry of Industry and Trade) as a junior economist dealing with feasibility studies to assist SME´s tap into a pool of funds from then state-owned Bank (Banco Comercial de Moçambique). In 1993, Mr Mithá joined a consulting firm, Proinvest, which included a portfolio of businesses such as Exchange House, Consulting, and Agro-Industry. In 1995, Mr Mithá was promoted to General Manager.

In 1997, Mr Mithá joined the Ernst & Young team as a Consultant and was in charge of preparing valuation studies that supported the process of privatization; a process that was part of the Mozambican State´s effort, during this period, to downsize its stakes across several sectors. After Ernst & Young, he joined the first Merchant Bank of Mozambique, BIM-Investimento as Deputy Manager, and was in charge of Mergers and Acquisitions, Project Finance and IPO´s, including risk analysis for big-ticket transactions. This involved Valuation and financial modelling, including the entire process from the Data Room to financial closure.

In 2000, Mr Mithá was a consultant, on behalf of International Development Ireland (IDI), at the World Bank´s Enterprise Development Project. In his role as the Competitiveness Office Manager, he was responsible for enhancing SME´s capabilities in the industrial sector country-wide. In 2006, Mr Mithá joined the World Bank, as an investment officer for the IFC office in Mozambique.

From 2008 to 2014, Mr Mithá was Millennium BIM´s Chief Economist and Investment Banking Manager (Research, M&A, Project Finance, Credit). The bank consolidated its position as the number one bank in Mozambique both by asset value and market share. In 2015, Mr Mithá was appointed as Deputy Minister of Industry and Trade. In August 2015, Mr Mithá was appointed ENH chairman; a position he holds at present.

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