Finnish, Swedish, US and South African companies plan to invest in Mozambique’s forestry sector

1 September 2009

Lichinga, Mozambique, 1 Sept – Finnish, Swedish, US and South African investors have shown interest in investing in the forestry sector in Niassa province in northern Mozambique, the provincial governor,. Arnaldo Bimbe said in Lichinga.

Speaking to Macauhub, the governor said that economic feasibility studies were underway by two potential investors from those countries that planned to explore 150,000 and 60,000 hectares.

Bimbe added that five companies were involved in forestry projects in Niassa.

Niassa province is the biggest in the country in area with 12.2 million hectares, 250,000 of which are explored by those five companies.

Large forestry projects are currently underway in the districts of Sanga, Muemba and Lichinga carried out by foreign companies with a view to producing paper, wood and lighting posts, amongst other products. (macauhub)