Mozambique’s Nampula province receives US$2.3 billion in investment

8 February 2010

Maputo, Mozambique, 8 Feb – Nampula province is receiving investments worth US$2.3 billion, the Maputo-based newspaper Noticias has reported, citing data gathered from the provincial office of Mozambique’s Investment Promotion Centre (CPI).

Up to the end of last year 14 projects had been approved, most of them set to begin this year, said spokesman Ibraimo Assane.

The projects involve the installation of factories to make candles, yoghurt and alcoholic beverages; ground clearing for cotton production and cattle breeding; tree planting for the paper industry; the construction of condominiums, residences, hotels and casinos; and companies to render diverse services.
The regions which will benefit most from these investments are the cities of Nampula, Nacala-Porto, Mozambique Island and the Malema district, the source indicated.

Forecasts indicate the possibility of creating 8,112 new jobs, 7,500 of them by Green Resources, a Norwegian-capital company interested in exploiting various forestry products through the planting of 180,000 hectares of trees in a 15-year period.

The aim of the US$30 million project is to produce and transform forest products for subsequent use, among others, in the form of paper pulp. (macauhub)