Mozambique: 25 projects looking to obtain financing at Annual Private Sector Conference

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Mozambique: 25 projects looking to obtain financing at Annual Private Sector Conference

12:10 CAT | 19 Feb 2020

CTA on Tuesday formally delivered to the African Development Bank (AfDB) a portfolio of projects valued at around US$4 billion, as part of the preparation for the Mozambique Investment Summit due to take place on the sidelines of the 17th Annual Conference of the Private Sector (CASP), from May 5th to 7th, 2020. Meanwhile, the project submission process continues until February 28th. [Photo: CTA]

The Confederation of Economic Associations of Mozambique will propose 25 projects for financing at the Annual Private Sector Conference (CASP) in Maputo, with a total value of US$4 billion.

“The projects which will be presented during CASP all contribute to the diversification of Mozambique’s economic base,” Eduardo Sengo, executive director of the Confederation of Economic Associations of Mozambique (CTA) said.

Eduardo Sengo was speaking to the press moments after meeting the Mozambique Country Manager of the African Development Bank, which partners the CTA in the organisation of CASP and will be assisting it in the search for investors.

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The projects, chosen through the CTA Business Support Office, are in areas such as tourism, energy, agriculture, logistics and infrastructure.

“Most of the projects are not related to the oil and gas sector, because the objective is to help diversify the economy,” Sengo said.

The conference, which will decide on the future of the 25 projects and brings together investors from around the world, is scheduled for the 5th, 6th and 7th of May in the Mozambican capital.

An expected 2,000 visitors will participate in the conference, which takes place under the motto, “Creating a Business Environment for Economic Diversification”.

Source: Lusa