Maputo, Mozambique, 17 Mar – Indian company Jaguar Overseas Ltd is to build a science and technology park in the district of Manhiça, in Maputo province, under the terms of a contract signed in Maputo with Mozambique’s Science and Technology Ministry.
Estimated at US$25 million, granted by the Indian government in the form of a loan, the work is to begin within the next three months with Jaguar Overseas promising to complete the park within two years.
The initiative, which includes an “incubator for technology companies,” is part of a government scheme to help develop internal information technology capacity.
Present at the signing of the contract, minister Venâncio Massingue said that the “incubator” was aimed at generating business capacity as well as wealth through the creation of jobs and establishing a link between the public and private sectors in order to develop an information technology industry.
Massingue justified the choice of Manhiça for its proximity to several main highways as well as to the river Incómati and the Indian Ocean, and for providing lots of space for future expansion. (macauhub)