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    • News

    Pacts to Boost China’s Investments in Mozambique

    By Che de los Reyes // 11 August 2011

    China and Mozambique will be signing more than 10 cooperation agreements that are expected to boost China’s investments in the African country, which totaled $607 million in 2010.

    Citing diplomatic sources, a Mozambican state newspaper reported the following among the agreements that will be signed:

    • Technical and economic cooperation worth around $7.6 million.

    • Financial cooperation with the China Development Bank.

    • Cooperation in the area of small and medium-sized enterprises.

    • Construction of a port facility and a railway by the China Kingho Group.

    • A memorandum of understanding with the International Chinese Centre for Reducing Poverty.

    • Sending of technical staff to Mozambique to assess the construction and refurbishing of five schools and the construction of a factory that will repair Chinese-donated buses.

    • Drilling of two boreholes.

    • Two biogas projects.

    Some of the agreements will support the establishment of the Chinese-Mozambican Kingho Centre that aims to reduce poverty.

    The signing of the agreement will be part of Mozambican President Armando Guebuza’s state visit to Beijing that began Aug. 9.

    Read more:

    • Donors Vow Continued Support to Mozambique Tax Reform Scheme

    • Mozambique Secures World Bank Education Aid

    • Projects in Mozambique

    Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.

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    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Che de los Reyes

      Che de los Reyes

      As a senior staff writer, Che focuses on international development breaking news coverage as well as interviews and features. Prior to joining Devex, Che handled communications for local and international development NGOs and government institutions in the Philippines.

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