The European Union (EU) is seeking to raise about 300 million euros to support the recovery of infrastructure in Mozambique, said the European Commission representative in Mozambique, Sven Kühn von Burgsdorff.
Von Burgsdorff told online newspaper Canalmoz that all of the funding would be used to repair roads, bridges, health facilities and schools destroyed by bad weather at the beginning of the year that seriously affected the central and northern areas of the country.
The government of Mozambique has reported it needs US$500 million to repair a number of facilities destroyed by flooding.
In addition to the infrastructure sector, the EU is also currently supporting several business sectors in Mozambique, mainly agriculture, having recently provided 4 million euros to support agricultural development in two districts of Maputo province.
The initiative is being carried out in partnership with Banco ABC in the districts of Manhica and Magude, where the two institutions are financing a sugar production project involving 362 small-scale producers in an area of 530 hectares. (macauhub/MZ)