A Chinese-owned company operating in Angoche, in Mozambique’s Nampula province, plans to spend US$20 million to boost its fishing fleet from eight to 20 vessels said the company’s manager Kui Guiyu, according to daily newspaper Notícias.
At a meeting with Mozambique’s fishing minister, Victor Borges, Kui Guiyu also said that the investment will be made over five years and includes construction of new facilities and acquisition of new units for conserving fish.
The facilities that the Chinese company currently rents belong to Pesca Norte, a company that was recently re-launched following a standstill of almost a decade due to financial difficulties, and which has capacity to store 70 tons of fish.
The Chinese investors intend to found a semi-industrial fishing new company in the near future and the managing director said that boosting the company’s fleet and expansion of storage facilities would require more staff, beyond the 95 workers on its payroll at the moment. (macauhub)