Mozambique: Japanese companies interested in mining resources in Mozambique

4 September 2008

Maputo, Mozambique, 4 Sept – The Japanese deputy Economy, Commerce and Industry minister, Yoshikawa Takamori, said Tuesday in Maputo he hoped that the mission he is leading would contribute to strengthening bilateral relations between Japan and Mozambique.

Speaking to the press after the Japanese delegation had been granted na audience with the Mozambican prime minister, Takamori said that his country’s private sector, “has great interest in the areas of mining resources, not only in Mozambique but across Africa.”

In relation to the current amount of Japanese aid to Mozambique, Takamori said that it was under negotiation between the two governments.

“But I can say that, for example, Japan has concluded a development study of the ‘Nacala Corridor’, and that it is currently at the detailed design stage. After designs are concluded Japan will consider providing funds to invest in improving that infrastructure,” he added.

A mission of around 50 people, including representatives of some of the biggest Japanese companies along with senior government officials, has been in Mozambique since Tuesday, with the aim of identifying investment opportunities and boosting relations between the countries.

This mission follows the 4th Tokyo International Conference on African Development (TICAD), held in the Japanese city of Yokohama last May, at which Japanese prime minister, Yasuo Fukuda pledged to double official aid and private investment in Africa. (macauhub)