Denmark plans to donate 5.8 million Danish kroner (US$1.07 million) to be used for operation of the Mozambique Commodities Exchange and to review industrial policy and strategy, the Danish embassy announced in a statement.
The assistance, to be provided over two years, will be formalised on Wednesday in Maputo by representatives from the Ministry of Industry and Trade and the Danish Embassy in Mozambique.
This support is provided under the Private Sector Development Programme signed in 2010 by the governments of Mozambique and Denmark. It aims to enhance the competitiveness and productivity of private small and medium sized enterprises.
The Mozambique Commodities Exchange was established in 2012 and is one of the government’s initiatives to facilitate the commercialisation of farm products and overcome information and market asymmetry with respect to efficient coordination between scattered producers and consumers. (macauhub/MZ).