Maputo, 10 Jun (AIM) – The Mozambican government and the European Union (EU) International Partisanships have signed financing agreements budgeted at 178 million Euros (205.7 million US dollars at the current exchange rate).
The agreements, which are part of the European Global Gateway Initiative and the 2nd Mozambique-European Union Business Forum, were signed on Tuesday by the Minister of Foreign Affairs, Maria Lucas, and the Deputy Director-General for EU International Partisanships, Myrian Ferran.
The investment will cover the sectors of energy, education for a green digital future, digital transformation, environmental, and social sustainability.
The project on access to energy in Mozambique is estimated at 40 million Euros, with contributions from the EU, Belgium, Sweden, Norway, the World Bank, and the Green Climate Fund.
The project on education and digital future – which is aimed at expanding access to education and vocational training – is budget at 50 million Euros, disbursed by the EU and the German Development Bank.
The Digital Transformation Initiative, which is aimed at expanding sustainable internet access throughout the country, is budgeted at 28 million Euros, with contributions from the EU, Italy, and the private sector through the European Investment Bank.
In the sectors of agriculture and social sustainability, the total cost is 60 million Euros. Of the total amount, approximately 50 million comes from the EU and the remaining 10 million from the Netherlands.
Speaking during the event, Mozambican President Daniel Chapo said that the EU remains one of Mozambique’s main economic and trading partners, playing a crucial role in development financing.
“With abundant natural resources, well-established logistics corridors, a predominantly young population, and privileged access to critical minerals, as well as regional and global markets, Mozambique is progressively establishing itself on the world stage as a strategic hub for investment, production, trade, digitalization, industrialization, and regional integration in Southern Africa”, he said.
(AIM)
MR/Am/
