+33 680 38 14 46
$6.2 million investment for grapefruit production
Mozambique
Thursday 17 May 2018
FJ
A Chinese consortium will invest in Mozambique to produce and export grapefruit.
The province of Manica in Mozambique offers excellent conditions for cultivating citrus fruits, so a vast agricultural project will be put in place thanks to an investment estimated at 6.2 million USD from a Chinese consortium.
According to several media in Mozambique, a Chinese consortium led by Jiangsu Huaxi Group plans to invest $6.2 million for a large agricultural project in the province of Manica. The project will require 2,000 hectares for its implementation. It is designed for an initial period of 3 years and can evolve thereafter.
Production will be exported mainly to Europe and China. In addition to grapefruit production, the Chinese consortium said it is considering further investment in the agricultural sector in Mozambique.
source : macauhub.com.mo, clubofmozambique.com, agenceecofin.com
