3 September 2014

Mozambique: Three Provinces of Mozambique Receive Investments of 5 Billion U.S. Dollars

Maputo — Investments of 5 billion U.S. Dollars were approved for the provinces of Cabo Delgado, Niassa and Nampula, in northern Mozambique in the 2009-2013 period, the Ministry of Planning and Development said in a statement.

In the document sent to media houses on Thursday (21 August), the Ministry noted that the approved investments gave, "the north of Mozambique several projects, particularly in the agriculture, forestry, tourism, infrastructure and hydrocarbon sectors," that "create opportunities for national companies, notably micro, small and medium-sized companies."

The Ministry estimates that the investments will create more than 20 000 jobs, "which represents remarkable growth for the provinces of Cabo Delgado, Niassa and Nampula."

"With the great potential that the north has, the government expects accelerated growth that will be spurred by the development and improvement of transport and communication, energy, water and sanitation infrastructure," the Minister for Planning and Development said at the opening of the Opportunities to Supply the Hydrocarbons, Mining, Infrastructure and Forestry Sectors seminar in Pemba, Cabo Delgado province.

Cuereneia projects the infrastructure under construction will be, "the basis for an increase in production investments in the industrial, agricultural and agroprocessing, fisheries, tourism, retail and services sectors."

The Ministry for Planning and Development is in the final phase of drawing up the Nacala Corridor Development Strategies, "which identify priority and anchor projects and that will, similarly and alongside other programmes, change the economic landscape of central and northern Mozambique."

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