Mozambique and China due to sign ten cooperation agreements in Beijing

10 August 2011

Beijing, China, 10 Aug – Mozambique and China are due Wednesday to sign more than ten cooperation agreements, memorandums and exchange of notes, in the financial, economic, technical and social areas as part of a state visit by Mozambican President Armando Guebuza that began Tuesday.

According to Mozambican state newspaper Notícias, which cited diplomatic sources, the two sides plan to sign an agreement for technical and economic cooperation worth around US$7.6 million, a framework agreement n financial cooperation with the China Development Bank (CDB), as well as a framework agreement on cooperation in the area of Small and Medium-sized companies.

Memorandums of understanding are also due to be signed with China Kingho Group for construction of a port facility in Sofala province and a railway, and another with the International Chinese Centre for Reducing Poverty.

Some of these agreements will support the establishment of the Chinese-Mozambican Kingho Centre for cooperation to reduce poverty.

The two countries will also exchange notes that outline a plan to send technical staff to Mozambique to asses the construction and refurbishment of five schools and a team to carry out studies for the construction of the factory to repair the buses recently donated to Mozambique, as well as a note to drill two boreholes and another two biogas projects.

The current volume of Chinese investments in Mozambique totalled US$607 million in 2010, and growth of that amount is now expected.

On this visit, Guebuza is accompanied by the ministers for Finance, Manuel Chang, of Foreign Affairs, Oldemiro Balói, of the Presidency for Social Affairs, Feliciano Gundana, of Mining Resources, Esperança Bias, of Agriculture, José Pacheco and the deputy minister for Planning and Development, Amélia Nakhare. (macauhub)