Top finance officials discuss possible use of Chinese yuan as reserve currency for eastern, ...
China will hand over EUR 12.7 million to Mozambique today for the construction of a new airport in Xai-Xai, capital of Gaza province, the Mozambican Ministry of Foreign Affairs has announced.
The donation will follow the signing of two documents: an agreement on economic and technical cooperation and a protocol for the partial pardon of Mozambican debt to China.
The signing ceremony will take place at the premises of the Ministry of Foreign Affairs and Cooperation in Maputo, and will be signed by Deputy Minister Nyeleti Mondlane and China’s ambassador to Mozambique, Su Jian.
Mozambican President Filipe Nyusi announced on April 19 that an airport in the southern province of Gaza was urgently needed to serve as an alternative to Maputo International Airport.
An airport in Gaza was “feasible, and not a luxury but an urgent need”, he said, adding that it would be a revitalising factor for the local economy.
Italy’s Eni to try to repeat huge offshore Mozambique discovery