Mozambican business federation urges Chinese entrepreneurs to invest in country

5 July 2010

Maputo, Mozambique, 5 Jul – The head of the Mozambican Federation of Economic Associations (CTA), Salimo Abdula, has urged Chinese entrepreneurs to invest in the country, especially in the agro-forestry sector in Zambezia and Sofala provinces.

During a seminar held last Friday and attended by a delegation of 25 Chinese entrepreneurs from Yiwu city (Zhejiang province) and Mozambican entrepreneurs, Abdula said that Mozambique’s agro-forestry resources could be better exploited using Chinese know-how and technologies.

The CTA president called for the installation of industrial wood processing units for internal consumption and exploitation.

The Chinese delegation was also urged to invest in fish processing by installing a unit for that purpose.

Abdula likewise asked the Chinese entrepreneurs to consider investing in ports for coastal traffic and in vessel assembly lines.

During the seminar, the Mozambican Investment Promotion Centre gave a detailed presentation on the business climate and opportunities in Mozambique, as well as on investment procedures.

The Chinese delegation comprised construction sector companies, namely the Shanghai Construction Group, Beijing Construction Engineering Group International, China Road and Bridge Corporation (CRBC), China Civil Engineering Construction Corporation (CCECC), China Railway Group Limited (CREC), CGGC International, China Gszhouba (Group) Corporation (CGGC) and CITIC Construction Co, Ltd, among others.

China ranks among the top ten countries investing in Mozambique and plays an active role in building infrastructures in the country. It is currently involved in work to enlarge and modernise Maputo’s international airport, construction of the national stadium, restoration of the water supply system in various Mozambican cities and reconstruction of a section of National Highway 1, which links the south, centre and north of the country. (macauhub)