Mocuba: PM opens Zambézia’s 1st International Investment Conference – Watch

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Mocuba: PM opens Zambézia’s 1st International Investment Conference – Watch

3:09 CAT | 26 Nov 2020

Photo: TVM

Prime Minister Carlos Agostinho do Rosário is in Mocuba to participate, today and on Friday, in an international investor conference, where national and foreign businesspeople will explore investment opportunities in Zambézia, with a particular focus on the agribusiness infrastructure sector.

Speaking in Mocuba this Thursday at the opening of the First International Investment Conference of the Province of Zambézia, the prime minister said that the government wants to transform Zambézia’s the natural resources into business opportunities, generating income and jobs.

Also read: Mozambique: Hotel resort opens in Mocuba, Zambézia

The conference aims to promote the region’s potential and attract investment to strategic areas in the province, but Mocuba residents expressly hope the conference increases the number of jobs there.

Mocuba administrator Joaquim Pahare says that the district’s main goal in going to the Zambezia conference is revitalising the former textile company, Têxtil de Mocuba.

This 80s project was at the time highly cherished by the then-president, Samora Machel.

The idea was to set up one of the largest textile factories in Africa in Mocuba, but the war which ended in 1992 brought the project to an end.

Administrator Pahare however still considers that the reactivation of the textile sector industrial park could boost the local and provincial economy.