Mozambican government counting on Cahora Bassa and Mozal to increase exports by 5 percent in 2006

20 January 2006

Maputo, Mozambique, 20 Jan – The Mozambican government forecasts an increase in exports of 5 percent in 2006, to US$1.803 billion, with a significant contribution from large projects such as the Cahora Bassa Hydroelectric dam and the Mozal aluminum factory, Macauhub learned Friday.

According to the Minister for Planning and Development, Aiuba Cureneia, the contribution of large projects to exports is forecast to total US$1.278 million this year.

Quoted by the newsletter of the Mozambican agency for export promotion (IPEX), Cureneia said that the transferal of Cahora Bassa to the Mozambican state, which is currently being finalized with the Portuguese state, would result in an increase in electricity exports to neighboring countries.

The government also expects the Mozal aluminum ingot factory to increase capacity as its is currently undergoing expansion, Cureneia said.

Other export products expected to contribute to the increase are sugar, shrimp, tobacco, wood, cashew nuts and almonds.

In 2004 Mozambican exports totaled US$1.503 billion, representing a year on year increase of 44 percent.

In 2005 exports are estimated to have increased by around 4.3 percent, according to the latest estimates from the International Monetary Fund (IMF).

The main export markets for Mozambican goods are Belgium, South Africa, Portugal, Spain, India and Zimbabwe. (macauhub)