Portuguese company Winresources to invest in directed agricultural projects in Mozambique

18 July 2011

Maputo, Mozambique, 18 July – Portuguese company Winresources plans to invest 25 million euros in directed fruits and vegetable production projects in the Namaacha region of southern Mozambique, said the company’s chief executive, Davide Freitas.

Cited by Portuguese news agency Lusa, Freitas said that the directed production project aimed to support small agricultural associations by providing them with improved seed for planting fruit and vegetables and teh Portuguese company then acquires all the products for later sale.

Speaking on the sidelines of a seminar on the future of agri-business and agri-industry in Mozambique, Winresources’ chief executive said, for example that, “people (farmers included in the Namaacha region project) who now have an income of around US$50 could have incomes of US$800.”

Winresources, which was founded in 2007, is a company focused on promoting business in rural areas, where it carries out projects linked to agriculture, silvi-culture and tourism.

Winresources is present in Portugal, Mozambique and Cape Verde and also plans to invest in the agri-industrial sector in Angola and rural tourism in Sao Tome and Principe, Freitas said. (macauhub)