Chinese business-owners interested in investing in Sofala province, Mozambique

1 April 2011

Maputo, Mozambique, 1 April – A group of Chinese businesspeople plans to invest over US$10 million in installing a hotel chain, a car assembly line, expanding the port and on air transport in Mozambique’s Sofala province, according to Mozambican daily newspaper Notícias.

The paper said that the announcement had been made a few days ago by provincial governor, Carvalho Muária, at the end of a working meeting with the investors.

Carvalho Muária said he was optimistic about the investments being made in the identified areas, which according to him would significantly reduce current rates of absolute poverty but noted that the investment depended on the results of a visit to the city of Beira, the capital of Sofala province.

The governor told the Chinese businesspeople about the potential of Sofala province, notably the port of Beira, access roads, permanent electricity in all districts, except Muanza and Marínguè, as well as availability of over 400,000 hectares of arable land for investment and gave a reminder that Gorongosa National Park required more investors.

According to the head of the Chinese business mission, Wang Jiung, tourism would be the first activity to be carried out as part of investment in Sofala province, followed by civil aviation.

The Chinese investors who stopped in Beira after being met by the Mozambican President, Armando Guebuza, invited Governor Muária and the Mayor of Beira, Daviz Simango, to visit China. (macauhub)