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Niassa Investment Forum: Private Sector Needs $42M to Finance 30 Development Projects

Niassa Investment Forum: Private Sector Needs $42M to Finance 30 Development Projects

The Mozambican private sector has announced that it needs 42 million dollars to finance 30 development projects approved during the Niassa Investment Forum, which took place on Friday 10 November.

The money will have to be mobilised by the Mozambican Chamber of Commerce (CCM) with national and foreign partners. Among the projects are those linked to soya, macadamia and wheat production, the funding for which will allow for an increase in production, processing and marketing.

Present at the meeting, the resident director of the African Development Bank (ADB) in Mozambique, César Augusto Abogo, said that the financial institution he represents is available to train economic agents so that they can boost the development of Niassa province, in northern Mozambique.

For her part, the province’s Secretary of State, Lina Portugal, guaranteed that the government “will do everything it can to make all projects viable, by providing support to local and foreign businesspeople”.

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The first Niassa Investment Forum was organised by CCM as part of the Industrialise Mozambique Programme (PRONAI) and was on the theme of “Agriculture and Energy as Drivers of Development in Niassa Province”. The event brought together various businesspeople, ambassadors accredited in the country and investors.



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