The Mozambican state once again owns 100 percent of seed company Sementes de Moçambique (Semoc) after the government bought all the shares previously owned by Mozambican private shareholders, Mozambican newspaper Correio da Manhã reported.
The newspaper also reported that the government decision was intended to ensure that Mozambique stopped importing seeds as of 2013, according to a source from state stake-holding company Instituto de Gestão das Participações do Estado (Igepe).
As part of the same strategy, in 2011 the government spent around 14 million meticals on buying four refrigeration units and installing them at the Semoc unit in Chimoio, Manica province.
Semoc now has a cold storage system made up of eight refrigeration units, four of which were financed by the Agriculture Ministry’s Agrarian Development Fund, with a bulk storage capacity of 200 tons each.
Agriculture Minister, José Pacheco, recently announced that Mozambique, in the 2011-2012 season had re-launched seed production after Sementes de Moçambique was brought back from technical bankruptcy via a project supported by India.
Pacheco noted that Mozambique wanted to produce seeds for all basic food products, such as corn, cassava, leguminous plants, rice, and potatoes, and had drawn up a plan of action to turn the company around. (macauhub)