Mozambique’s Ministry of Agriculture and Rural Development today announced the creation of the Limpopo Special Agribusiness Zone (ZEEA-L) to attract national and international private investment to the area.
“This is a pioneering initiative that will create conditions for increasing the contribution of agribusiness to job creation, diversification of export revenues, as well as accelerating the agribusiness and logistics park of the Limpopo development corridor,” it said in a statement.
The decision is based on immediate assumptions of accelerating “the process of processing for investors,” establishing “incentives (fiscal and non-fiscal) for companies operating within the EEZ-L area,” and making public infrastructures profitable to support production.
The special zone is an instrument for making viable investments in infrastructures already in place, with reordering of irrigated perimeters and technology transfer to producers.
With potential for rice, maize, vegetables, red meat and poultry production, the EEZ covers an area of more than seven million hectares served by two irrigated areas.
The initiative is framed by a decision of the Council of Ministers, approved on Tuesday, and is part of the Sustenta Programme (2020-2024), which aims to “stimulate investment to integrate family farming into productive value chains.
