Nyusi Working To Mobilise Over 4.2 Billion Dollars To Strengthen Agriculture
Maputo, 27 Jan (AIM) – Mozambican President Filipe Nyusi is working with international financial institutions to mobilise about 4.5 billion US dollars to revive agriculture in Mozambique, which will be invested over the next five years, mainly in the development corridors.
According to Nyusi, 2.9 billion dollars will be invested in the public sector and 1.6 billion by the private sector.
Nyusi made the announcement at a press conference held on Thursday in the Senegalese capital, Dakar, which marked the end of Mozambique’s participation in a summit on “Feeding Africa: Food Sovereignty and Resilience”.
“Our horizon is not one, not two years, but five years; we have to make things happen because if we don’t do it now it will be too late”, he said.
Nyusi said the 2.9 billion dollars of public money will be invested in the construction of infrastructure in the agricultural sector, in the development corridors in the north, centre and south of the country, including irrigation projects.
Nyusi revealed that during a meeting, the African Development Bank (ADB) announced that in addition to investment in the Pemba-Lichinga Development Corridor, which includes a Special Agro-Industrial Processing Zone, in the north of the country, it will also support the Lower Limpopo Irrigation Scheme, in the southern province of Gaza.
As for the 1.6 billion dollars of private funding, he said, the private sector should “develop agriculture in a structured way.”
Nyusi added “there were ideas in supporting wheat production, rice production, support in youth training in Palma district [in the northern province of Cabo Delgado], in the training of women, and support for innovations. We were also encouraged to embark on the carbon market”.
(AIM)
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