Niassa province, Mozambique, hosts conference on investing in forestry sector

27 November 2009

Maputo, Mozambique, 27 Nov – The city of Lichinga, the capital of Mozambique’s Niassa province, will be the venue for a conference on forestry projects and development, a source from the Malonda Foundation told Macauhub in Maputo.

At the meeting, to be held from 3 to 5 December, the positive and negative impacts of forestry projects on the social and economic life of Niassa province will be discussed.

Niassa has been a preferred destination for investors in the silviculture sector, notably the negotiations that the Malonda Foundation has been carrying out in order to bring Finnish company UMP to the province to invest US$1 billion in the forestry sector.

Other companies are already investing in the forestry sector in Niassa province including companies from Sweden, Britain, and Norway, notably Chikwete Forests, a company majority owned by Swedish shareholders (Global Solidarity Forest Fund ) which has a portfolio of forestry sector projects in Mozambique valued at US$140 million.

It is estimated that over the last five years 3,000 jobs have been created and that Niassa province has potential to develop silviculture on around 700,000 hectares. (macauhub)