South Korea provides US$18 million to support technical training in Mozambique

13 July 2012

South Korea is to provide Mozambique with US$18 million to build equipment at technical training centres in the provinces of Niassa, Nampula, and Zambézia, under the terms of an agreement signed Thursday.

Following talks as part of a visit by South Korean Prime Minister, Kim Hwang-Sik to Mozambique, the two governments signed three agreements to speed up development in Mozambique, one of which was related to technical training.

The other two agreements were memoranda of understanding between the Foreign Affairs Ministries and the Mining Resources Ministries of both countries to boost the countries’ relationship in these sectors.

Mozambique’s Finance Minister, Manuel Chang said that by signing these agreements, “a doorway is opening up for the country to be inspired by the model used by South Korea to reach high levels of economic development.” (macauhub)