Maputo, 02 May (AIM) – The Mozambican government, over the last five years, has approved 63 investment projects budgeted at 402 million dollars, in the northern province of Cabo Delgado.
According to the Minister of Industry and Trade, Silvino Moreno, the investments have created at least 4,943 jobs, mostly in the services, energy and industry sectors.
The minister, who was speaking in the city of Pemba, capital of Cabo Delgado, during a summit on Energy and Industry, cited as an example the investment made by Real Moz, a company belonging to the Renco Energy Group and subsidiary of the Italian Renco S.p.A., which disbursed in the Afungi peninsula, Palma district, about 45 million dollars.
Other major investments include the Metoro solar power station, the largest solar plant in the country, which cost about 52 million dollars, and Montepuez Graphite Processing, budgeted at about 35 million dollars.
Moreno says that in the same period, the Executive approved and implemented over 200 new ventures, with an impact in the field of manufacturing.
The current context of the national manufacturing industry, according to the Minister, offers challenges and opportunities, at a time when the country continues to seek ways to diversify its economy, through import substitution and export promotion.
The Industrial Policy and Strategy (PEI) and the National Industrialize Mozambique Programme (PRONAI, 2021-2035) envisage industrialization in the districts, supporting projects that create jobs, infrastructure and innovation, which, according to Moreno, “requires efficiency, working in partnership, overseeing the focus related to energy, industrial and commercial logistics, and value chain development through local content.”
Approved in 2021, PRONAI is aligned to the UN Sustainable Development Goals, and to the Southern African Development Community (SADC) Industrialization Strategy for 2015-2063.
The summit is an initiative that takes place in two phases, the first edition being in Pemba, while the second will take place in Maputo, and is scheduled for next Tuesday.