Inhambane province, Mozambique, seeks investors for development projects

14 June 2017

The city of Inhambane, capital of the Mozambican province of the same name, on Thursday and Friday is hosting an investor forum to attract people interested in various infrastructure projects, including roads, that will allow the region to develop socially and economically, Mozambican daily newspaper Notícias reported.

The investor forum, the second in the province’s history, aims to draw attention to existing business opportunities, particularly in the areas of agro-industry, renewable energy, transportation and communications, public works and housing, as well as tourism, to boost the local economy.

Studies have shown that it is possible to stimulate agro-industry and make agricultural activity a profitable commercial activity with the development of rice, cashew, cassava, fruit and piri-piri production as well as livestock production for milk and meat and by exploring existing forest resources.

The newspaper also wrote that the provincial government will tell its partners and business people about the need to finance construction of the 517 km Mapinha/Pafúri highway, which is considered to be the basis of a future development corridor for the southern region.

This road connects neighbouring South Africa to the three southern provinces of Mozambique, and will reduce the distance travelled by South African tourists who intend to drive to the big tourist attractions in the province, such as Bazaruto, Inhassoro and Vilanculos. (macauhub)