Portuguese company to invest in grain production in Mozambique

20 May 2013

Win Resources, a Portuguese-owned company, plans to diversify its investments in Mozambique by focusing on grain production in the Chokwé district of Gaza province, said the company’s chairman.

According to Davide Freitas, the company plans initially to invest 1 million euros to explore an area of 100 hectares in the first year and increasing to 1,000 hectares by 2018.

Carried out in partnership with Mozambican companies the business is due to be launched in July, “and is currently at the stage of studying the water supply and soil fertilization,” Freitas told Mozambican daily newspaper Notícias.

As well as these projects, Freitas said that Win Resources planned to carry out an agro-industrial processing programme in the Namaacha district of Maputo province costing 1 million euros. The programme will produce soy based products and also involves a partnership for a rural tourism project in Nampula province.

The investment in Mozambique, according to the chairman of Win Resources, is part of the company’s growth strategy and focuses on the fact that the country has significant potential for agro-business. (macauhub)