Germany supports Mozambique with donation of 157.5 million euros

27 March 2017

Germany decided to grant Mozambique a donation of 157.5 million euros to finance various development projects, under two technical and financial cooperation agreements signed on Friday in Maputo.

Education, sustainable economic development, and decentralisation and public finances will receive 118.5 million euros and 35.5 million euros will be invested in training, 23.5 million euros in decentralisation and public finances and 20.5 million euros to support small businesses.

The remaining 39 million euros will be invested in the energy sector, funding a regional power transmission line between Mozambique and Malawi and the short-term investment plan of state electricity company EdM, according to Mozambican news agency AIM.

Mozambique and Germany established diplomatic relations in 1976, and since then the European country has supported Mozambique’s development by financing a variety of programmes in priority areas, having already disbursed more than 1.2 billion euros. (macauhub)