Mozambique’s Gazeda is negotiating three large investment projects

20 April 2012

Mozambique’s Office for Economic Areas with Accelerated Development (Gazeda) is currently negotiating some anchor projects that are expected to be capable of attracting other smaller projects, the Gazeda director-general, Danilo Nalá said in Ulonhué, Tete province.

Cited by Mozambican newspaper Notícias, Nalá said that three large projects were under negotiation, which together would represent an investment of US$5 billion and which would be located in the Nacala Special Economic Area (ZEE) in Nampula province and in the Beloluane Industrial Park in Maputo.

One of the projects is focused on using phosphates from Monapo to supply a fertilizer factory in Nacala-a-Velha, a second is to make use of and process heavy sands from Angoche, in Nacala, and the third project, which will be located in the Beloluane Industrial Park will make use of aluminium from the Mozal foundry to manufacturer electrical cables, alloy wheels and other aluminium products.

Gazeda is an arm of the Planning and Development Ministry, its headquarters are in Maputo and it has a delegation in the Nacala ZEE in Nampula province, and in the Industrial Duty Free Areas (ZFI).

According to the Gazeda director, there are several companies in Mozambique operating under the ZFI system, such as the Mozal foundry, the Moma heavy sands project, textile companies in Maputo and some others in Nampula.

Since it was set up in 2009 Gazeda has approved investment projects worth over US$350 million which, according to Nalá, cover sectors ranging from agriculture to industry. (macauhub)