Pacts to Boost China’s Investments in Mozambique

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.

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About the author

  • 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.