Germany injects €45.5 million into FINOVA to boost Mozambique’s agribusiness growth
Agriculture may grow 5.9% this year in Mozambique
12:08 CAT | 21 Jul 2017
Notícias (File photo)
Mozambican agriculture grew by 2.6 percent in 2016, a year plagued by drought and floods, and is this year expected to more than double that.
The Minister of Agriculture and Food Security, José Pacheco announced his forecast yesterday at his ministry’s 3rd Coordinating Council. His forecast is based on factors such as the improvement of the climatic conditions and the exchange rate appreciation of the metical in relation to the main import currencies.
Despite the promising results, Pacheco acknowledges that much remains to be done to boost production, since the country still imports a large proportion of the food it consumes.
The ministry’s 3rd Coordinating Council ends on Saturday and will decide on lines of action to improve agricultural production and productivity.
Source: O País
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