Brazil plans second generation of investments in Mozambique

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Brazil plans second generation of investments in Mozambique

2:04 CAT | 11 Mar 2016

Notícias / Mozambique's prime minister Carlos Agostinho do rosário (R) received Brazilian ambassador Rodrigo Soares (L) on Wednesday, March 9 2016.

Brazil intends to use small-to-medium agri-processing enterprises as a platform for its second generation of investments in Mozambique, in line with the government’s ambitions to make small farmers more market-oriented.

So said the Brazilian ambassador to Mozambique, Rodrigo Soares, after meeting Prime Minister Carlos Agostinho do Rosario to discuss the economies, politics, and cooperation between the two countries.

According to Soares, the first generation of Brazilian investments in the country in the mining and construction sectors is already well under way.

“I have reviewed Brazilian investment strategy in Mozambique with entrepreneurs and associations, and we agree we can on to a second generation of investment, particularly in agriculture. The idea is to attract more small and medium-sized companies in agriculture so that we can contribute to the Mozambican government’s objectives of leveraging agricultural production,” he said.

The Mozambican government’s plan is to create a value chain with gains for all sub-sectors involved, helping agriculture benefit from investment that will enable farmers to improve their technology and productivity.

Brazil is investing close to US$97 million in the Mais Alimentos para África (More Food for Africa) project, which supports agricultural mechanization in Mozambique through the subsidized centres for the provision of agricultural services.

The Mozambican Government has also set up 47 centres across the country to help revitalize the mechanization of agricultural, strengthened by the acquisition of 430 tractors.

It is hoped the program will achieve better complementarity and competitiveness through programs and technology transfer to expand food production areas and bring about more competitive pricing, and thus better food security.

The Brazilian ambassador said that he had assured the prime minister of Brazil’s confidence in both Mozambique’s political development and its economy.

“Mozambique is Brazil’s largest partner in cooperation not only in Africa but also worldwide. We have forty projects in progress across a number of areas and there is no thought of reducing that number. On the contrary, we want to further strengthen ties,” he said.

Soares said that Brazilian companies “have a significant presence in Mozambique and it is quite clear that they have confidence in Mozambican political institutions. We believe that democracy in Mozambique is proceeding apace. We have confidence in the Mozambican government conduct of the political process and do not need to see any change. This is our desire and our commitment,” he said.

Source: Notícias