Chinese investors to build cement factory in Mozambique

Chinese investors to build cement factory in Mozambique
Published: 18 May 2010

The China Development Bank is to fund construction of a cement factory in Beluluane, in Mozambique’s Maputo province costing US$100m, the director of the Centre for Investment Promotion said Monday in Maputo.



Mohamed Rafique said that construction work on the cement factory, a project promoted by Chinese investors that have obtained funding from the China Development bank via the China-Africa Development Fund, could begin within the next few days and that next week a government team would visit the location where the factory was to be set up.



Rafique also said that the new factory would have capacity to produce 1Mta added that as well as regulating the price of cement on the Mozambican market, it could also supply some countries in Southern Africa.