Investors look to Mozambique

Investors look to Mozambique
Published: 16 October 2009

An unspecified number of investors have submitted applications to the government’s Investment Promotion Centre (CPI) to build cement factories in Mozambique.

The National Director of Industry, Fernando Santos, cited in Thursday’s issue of the Maputo daily "Noticias", said that one of the proposals was submitted by Indian investors, who are planning to install two factories , one in Salamanga, in Maputo province, and the second in the northern port of Nacala.

Another group of business people, whom Santos did not name, expressed interest in building a factory in Magude, also in Maputo, while a third has a cement project for the southern province of Inhambane.

Santos said that these proposals are very important, since they will increase the country’s production capacity, at a time when demand for cement has been growing - so much so, that there is now an acute shortage of cement in southern Mozambique.

Some of the applicants who expressed interest in new cement industries have already started researching and prospecting in the areas they have selected to assess the levels of availability of resources, and also the degree of the environmental impact that the factory will cause. After completing this exercise, they will submit to the government a report on the results.

The major cement producer in the country is Cimentos de Mocambique (CM), which is largely owned by the Portuguese cement giant, Cimpor. CM is planning to expand its production capacity in its three factories.

Source: allafrica.com