Mozambique due to meet with donors to raise US$4 billion

21 March 2013

A conference intended to raise funds of US$4 billion to fund Mozambique’s National Agricultural Sector Investment Plan is due to be held in Maputo at the beginning of April, said an high ranking official from the Agriculture Ministry.

Raimundo Matule, the national director for the Economy at the Agriculture Ministry, told Mozambican newspaper Notícias that of the US$4 billion needed to carry out the plans, just 19 percent, or US$760 million, was available, and it is hoped that the remainder will be funded by cooperation partners.

Matule said that the National Agricultural Sector Investment Plan would implement the Strategic Agricultural Development Plan, over a 10-year period, for which, for the first time, there is an integrated document that includes other components that add to agricultural development, such as roads and power supply.

The plan focuses on public investment efforts and on attracting private investment into six agricultural development projects: Maputo, Limpopo, Beira, Zambezi Valley, Nacala and Pemba/Lichinga.

The National Agricultural Sector Development Plan focuses on a small number of products seen as crucial for national objectives of ensuring food safety.

Thus, for grains, the focus will be on maize, rice and sorghum wheat, for cash crops it will be cotton, sunflower, sesame and cashews, for livestock special focus will be given to chickens and in fishing the focus will be on fish farming and artisanal fishing. (macauhub)