Libyan-Mozambican rice project launched Monday in Mozambique

29 November 2010

Maputo, Mozambique, 29 Nov – A rice production project called, “Bela Vista Rice Project” is due to be launched Monday at the administrative post of Bela Vista, in the Matutuine district of Mozambique’s Maputo province, according to Mozambican newspaper Notícias.

The project is intended to implement mechanised rice production and processing in the region, represents an investment of US$33 million over the next five years and is a partnership between Libyan company LAP (Overseas), a subsidiary of Libya Africa Investment Portfolio, and Mozambican company Ubuntu.

Mozambican daily newspaper Notícias reported that the rice would be grown in an area of 5,000 hectares and all production would made use of, with the rougher husk used a secondary source of fuel and the finer husk used to produce cattle and chicken feed.

Libya Africa Investment Portfolio was set up by the Libyan government in February 2006 and it has invested US$1 billion in projects across several African countries and Ubuntu is a Mozambican company focused on agri-livestock, logistics and transport, energy, real estate and financial services.

According to the Mozambican Agriculture Ministry, domestic rice consumption is estimated at 650,000 tons per year and domestic production stands at 175,000 tons. (macauhub)

MACAUHUB FRENCH