Mozambican government discusses investment in agricultural projects with Chinese business groups

8 November 2013

Three business groups from China may invest in agricultural projects in Mozambique and apply between US$2.3 billion and US$2.6 billion in them, the director for the Economy of the Mozambican Agriculture Ministry said.

Cited by Mozambican daily newspaper Notícias, Raimundo Matule said that there had been initial talks with four business groups during the recent visit by the Agriculture Minister to China and that a team of technical staff was now in China to continue those talks.

The idea, said Matule, is to get at least three of the groups to move into the Mozambican market by 2015.

The Economy director of the Agriculture Ministry also said that Pemba and Niassa, in the Nacala Corridor, lacked large projects after Wanbao Grains & Oils Co. launched a project in the Lower Limpopo region, in the coastal province of Gaza, which is expected to cost US$200 million to develop.

“We are preparing to repair the Chipembe dam, in Montepuez, which is expected to be operational within a year and a half, which will give the Cuamba/Montepuez/Oasse enormous potential for a project of a similar size,” said Matule. (macauhub)