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Mozambique: Businessmen from Rwanda and Kenya invest in Cabo Delgado
7:59 CAT | 22 Nov 2023
Screen grab: Miramar
In the light of improved security conditions, business people from Rwanda and Kenya are planning investments of US$100 million in the Mozambican province of Cabo Delgado, mainly in the area of agriculture, official sources announced today.
“The first group to arrive comprises 15 businessmen from Rwanda and three from Kenya, who will invest in the agricultural sector specifically, and that is an advantage for us,” said Provincial Director of Industry and Commerce, Nocif Magaia, on the sidelines of a meeting in the city of Pemba of the Council of State Representation Services and Decentralised Governance Bodies.
These businessmen, he said, plan to invest in the northern province in the areas of cotton production, agriculture, fishing, bottled water, meat and fruit processing, as well as horticulture, mostly intended for export to their home countries.
Nocif Magaia explained that the re-establishment of security in districts of Cabo Delgado that were previously the scene of terrorist attacks, and the consequent stabilization of the province, contributed to the interest of these businesspeople.
“The stabilisation factor is contributing greatly to changing the investment trend in our province,” he concluded.
Watch the Miramar report.
Source: Lusa / Miaramar
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