AfDB approves $69.6M risk participation in infrastructure sector investments in Mozambique, Malawi ...
Angop / Heinrich Gaomab II photographed during a visit to Angola, a a day before leaving to Mozambique
The Executive Director of the African Development Bank (AfDB), Heinrich Gaomab II, on Thursday expressed satisfaction that Mozambique is implementing to the full the projects that have been approved and financed by the Bank.
Speaking to reporters after an audience granted by Mozambican President Filipe Nyusi, Gaomab said that Mozambican stands out because of its efficiency in reimbursing the credits lent by the AfDB.
“I am pleased because Mozambique is one of the few African countries which not only implements the projects of our bank, but also reimburses our funds speedily”, he said.
Gaomab said the AfDB pays particular attention to agriculture, energy, education and infrastructures. In agriculture, he pointed in particular to the Lower Limpopo Irrigation scheme, in Xai-Xai district, in the southern province of Gaza.
Heinrich Gaomab II has been a member of the AfDB group since 1977, and the AfDB has financed 62 projects in Mozambique since that date, amounting to total funding of US$1.7 billion. Of this sum, agriculture accounts for US$568 million, transport US$300 million, and water supply and sanitation US$145 million.
Among the most recent projects where the AfDB has authorized financing is the first phase of the road from Mueda to Negomano, in the far northern province of Cabo Delgado, in which the bank will invest US$75 million.Source: AIM