Japanese seek to exploit Nacala Development Corridor in Mozambique

2 February 2010

Maputo, Mozambique, 2 Feb – Japanese entrepreneurs are considering use of the Nacala Development Corridor in coming years to access coal from Moatize, extracted in the district of the same name in Tete province.

A Japanese business delegation in Maputo to take part in a business seminar last weekend visited the Nacala Development Corredor, which includes the Nacala port in Nampula province.

The Nacala port serves countries with no direct sea access such as Malawi, the major user.

Citing a government source, Macauhub recently reported that Japan had completed a study on the Nacala Development Corridor and was considering the possibility of granting credit to help improve that infrastructure.

Intervention in that rail and port infrastructure requires US$80 million.
Nampula province is a major producer of agricultural products, especially cashew nuts.

The Japanese businessmen showed interest in investing in the agriculture and port infrastructure renewal sectors.

The Mozambican ambassador in Japan, Belmiro Malate, told journalists during the visit that parallel to the agriculture and infrastructure projects a new technologies project involving Mozambique, Japan and Brazil would soon get under way.

The Japanese delegation comprised 50 business figures representing some of the top Japanese groups as well as the ministries of foreign affairs and of economy, trade and industry. (macauhub)