A 1 million-euro investment project by Portuguese group Barbot, which includes a paint factory and a branded shop in Maputo, has started operating, said the group’s chief executive for Angola and Mozambique.
João Carlos Barbot told Portuguese financial daily Diário Económico that the focus on Mozambique was in response to “the development of the real estate and tourism market,” sector that “are clearly growing due to the discovery of energy sources, such as gas.”
The Mozambican market, he said, has good growth prospects across the country, and the decision to invest in Mozambique had followed the success of the group’s projects in Angola.
The Barbot factory started operating and, in this initial phase, production is expected to total 7,500 tons of paints and varnishes.
According to João Carlos Barbot, production is focused on responding to market growth but, at a later stage, the unit may supply “neighbouring markets.” (macauhub)