Kuwaiti mission in Mozambique to analyze potential business opportunities

25 June 2007

Nacala, Mozambique, 25 June – A delegation from Kuwait has traveled to the Mozambican province of Nacala to look into the possibility of setting up an oil refinery in the region, the director of Nacala port told Mozambican newspaper Notícias.

Agostinho Landa told the paper that the visit by the Kuwaiti delegation was a result of the promotion of the port’s potential, as part of the implementation of the Corredor do Desenvolvimento do Norte (Northern Development Corridor), which, as well as being one of the exit points for some land-locked Southern African countries, also offered an acceptable level of service.

the port’s director said that the businesses from African countries, such as Malawi and South Africa, has already shown interest in building other types of infrastructure in Nacala.

The paper reported that a sugar terminal, with a capacity for over 200,000 tons, could be built at the port, a facility that is part-owned by Malawian companies in the sugar sector.

South African companies are interested in investing in the cooking oil sector, and may build a terminal with capacity to store 10,000 tons, which could be increased to 16,000 tons at a later stage. (macauhub)