South Korean companies interested in investing in the farming sector of the Beira corridor in Mozambique

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South Korean companies interested in investing in the farming sector of the Beira corridor in Mozambique

8:37 CAT | 02 Nov 2016

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The Korea Rural Community Corporation (KRC), of the Republic of Korea, announced in Beira, Mozambique it wants to develop rice and corn crops and produce red meat, poultry and eggs along the Beira Corridor in Sofala and Manica provinces.

Kwon Jaer Lee, director of the KRCC after a meeting with the governor of Beira, Maria Helena Taipo, said that by the end of the year the group will conduct a study and that the project will be set up in 2017.

The director of KRCC did not give a figure for the investment planned by the South Korean company but said there were plans to produce and transfer technology to farmers so they can increase agricultural production.

Lee also said that the company plans at an early stage to focus on improving rice production in order to reduce annual imports of more than 300,000 tonnes of rice to Mozambique.

The South Korean mission, according to Mozambican news agency AIM, was in the Buzio district to visit local rice projects.

The Director of Agriculture and Food Security of Sofala, Miguel Coimbra, said the province has areas and potential to accommodate the South Korean projects and noted that the main focus of the province is development of the rice crop.

“Maize, cattle, poultry for egg production, cassava, beans and vegetables were other potential areas presented to the South Koreans,” he said.

Source: Macauhub