Delegation of Chinese businesspeople to visit Mozambique in July

23 June 2010

Shanghai, China, 23 June – A delegation of 50 businesspeople from China, including managers or owners of some of the country’s largest companies, is due to visit Mozambique in July to analyse investment opportunities, the Mozambican Prime minister said in Shanghai.

According to the Mozambican press, Prime Minister Aires Ali announced the trip to Mozambique by the business delegation following a meeting with the head of a Chinese consortium and other Shanghai businesspeople.

Whilst in Shanghai, on the last part of a six-day visit to China, Ali visited two large telecommunications sector companies, ZTE, which is a partner of Mozambican state telecom Telecomunicações da Moçambique (TdM) and Huawei both in Shenzhen next to the Hong Kong border.

The visit, which began on Wednesday in Beijing, “exceeded expectations,” according to Mozambican diplomatic sources, with several agreements reached, one of which relates to the final stage of modernisation of Maputo International Airport, a project estimated to cost US$65 million, which is due to begin this year with funding from the China Export Import Bank (Exim Bank).

Another financial institution directly managed by the Chinese State Council, the China Development bank, will “provide” US$80 million to build a factory in Sofala province and over US$20 million for a cotton processing unit in Magude, southern Mozambique.

On his visit to China, Aires Ali is accompanied by the Finance Minister, Manuel Chang, Public Works and Housing Minister, Cadmiel Muthemba, Transport and communications Minister, Paulo Zucula and Mining Resources Minister, Esperança Bias. (macauhub)