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Mozambican Zambe Invest to close financial agreement with Chinese counterpart – report
7:02 CAT | 25 Apr 2019
A Belt and Road-themed garden to welcome the Belt and Road Forum for International Cooperation. [Photo: China Plus]
Zambe Invest, a company of Mozambican capitals, expects to conclude a financing agreement for the construction of a dam in the Licungo basin with a Chinese counterpart in June, Rádio Moçambique reports. The package under negotiation is worth one billion US dollars.
The dam is to be located in Mocuba district, in Zambézia province.
The amount that Zambe Invest is negotiating with its Chinese counterpart will also fund projects in the future special economic and industrial free zone of Macuse, in Zambezia, and in other provinces of the country, reads the report.
The information was provided by the Chairman of the Board of Directors of Zambe Invest, Almeida Tomás, who is in Beijing to attend the second “One Belt, One Road” International Cooperation Forum.
Source: Rádio Moçambique
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