Japanese business mission visits Mozambique to study investment opportunities

29 July 2014

A business mission from Japan headed up by the country’s deputy Foreign affairs Minister, Norio Mitsuya, is due Tuesday to start a two-day visit to Mozambique to study investment opportunities and meet with Mozambican government officials, the Japanese embassy in Mozambique said.

The mission includes 18 companies from the trade, engineering, banking, construction, industry and consultancy sectors including the Mitsubishi Corporation, Mitsui & CO.,LTD, Bank of Tokyo – Mitsubishi UFJ, Ltd,  Nippon Steel & Sumitomo Metal Corporation and the Toyota Tsusho Corporation.

The visit by the Japanese deputy Foreign Affairs Minister Norio Mitsuya, follows a visit seven months ago by Japan’s Prime Minister, Shinzo Abe, who announced investment of US$670 million in development f the Nacala corridor, in northern Mozambique.

Japanese companies Mitsui, Nippon Steel & Sumitomo Metal Corporation and Mitsubishi already have business interests in Mozambique in the areas of oil, coal and aluminium.

Japan also partners Mozambique and Brazil in the ProSavana agricultural project, along the Nacala corridor, in the provinces of Nampula, Zambézia and Niassa, in an area of 14 million hectares. (macauhub/MZ)