Mozambican development agency invests US$200 million in Zambeze Valley

29 August 2012

More than US$200 million will be invested during the 2012-2014 three-year period by the Zambeze Valley Development Agency, a public institution that conducts studies and presents strategies for economic and social development of that region, the newspaper Notícias reported on Wednesday.

The funds will enable implementation of various projects in the areas of agriculture, fisheries, agricultural mechanisation, agro-industries, agro-processing, territorial planning and infrastructures in the provinces of Manica, Sofala, Zambézia and Tete.

The projects are financed by the state budget with contributions from different national and foreign cooperation partners and include the establishment of a tractor assembly unit at Murraça in Sofala province.

The Zambeze Agency operates in more than 35 districts in Manica, Sofala, Zambézia and Tete provinces and counts financial support from the Exim Bank, India and China, the World Bank and the Dutch and Norwegian governments. (macauhub)