Mozambique: Tete province nets over US$227 million from exports

27 February 2009

Maputo, Mozambique, 27 Feb – The Mozambican province of Tete in 2008 netted revenues of US$227.7 million from exports of 14 products, including the electricity produced by the Cahora Bassa dam, which accounted for 67 percent of the total, according to a report in Mozambican newspaper Notícias.

The newspaper, which cited a report from the provincial Industry, and Commerce Directorate, said that the revenue obtained, which is the equivalent of 7 billion meticais, is the result of around 8 percent growth on 2007.

The list of 14 products includes electricity, tobacco, maize, coal, live crocodiles, paprika, stone, beans, cottonseed, cotton, cornmeal, corn and dried fish, amongst others.

Electricity from Cahora Bassa represented US$129 million, or 67 percent of all the province’s exports, but the final figure is expected to be higher as available data for electricity exports only covers the period from January to October of 2008.

Tobacco exported by Mozambique Leaf Tobacco (MLT) accounted for revenues of around US$90 million.

The remaining 12 products on the list each accounted for less than 1 percent of exports.

HCB, Companhia do Vale do Rio Doce Moçambique and MLT are some of the biggest companies in the province. (macauhub)