Mozambique | Fiftieth Maputo International Fair receives over 84,000 visitors

The 50th edition of the Maputo International Fair (Facim) received 84,600 visitors, the Mozambican Institute for Export Promotion (Ipex), the event’s organizer, said Tuesday in Maputo.
According to Ipex, the event brought together 3,145 companies, 1,975 of which took part on an individual basis. The 520 Mozambican companies at the event were housed in areas focused on promoting the country’s provinces and 650 companies in marquees reserved for participating countries, 26 in total.
During the seven days of the event, which ended on Sunday, 31 August, 1,502 contact meetings were held, the organisers said, estimating that 15 agreements were signed.
The 50th edition of Facim was also marked by hosting the 10th Entrepreneurs Meeting for Commercial and Economic Cooperation between China and Portuguese-Speaking Countries, attended by 460 participants and responsible for 556 contact meetings, Ipex said, cited by Portuguese news agency Lusa.  MDT/Macauhub

New dams in Mozambique facilitate agricultural development

The construction of the Lupata and Boroma dams, in Mozambique’s Tete province, will facilitate the development of agriculture and forestry along the Zambezi River, according to the heads of the companies that recently signed the respective concession agreements.
The officials believe that once they are completed, the two reservoirs will contribute to mitigating the effects of floods that have dramatically affected populations living along the Zambezi River valley and riverside districts, according to Mozambican daily newspaper Notícias .
The two concessions granted by the government are intended to build two dams to produce 800 megawatts (MW) of hydroelectric power, essential to meeting growing domestic demand for electricity.
The companies are part of a Mozambican group and a consortium of companies that it is made up of, namely Sonipal Ltd, Hydroparts, Ruthland and Cazembe Holdings in strategic partnership with state power company Electricidade de Moçambique (EdM).
Paul Ratilal, on behalf of the proponent companies, said at the session to sign the concession agreements that Mozambique is a vast country, with an average of 120,000 new electrical connections per year and an energy demand that is growing by about 14 to 16 percent per year.
“In the coming years, in the city of Maputo alone, approximately 100 new residential and office buildings are due to be built, as well as condominiums and in other urban areas new buildings are also planned, especially in Beira, Nacala and Pemba, in addition to development corridors and special economic zones, development hubs such as Nacala, Beluluane, Manga, Dondo, Tete, and Palma, amongst others,” said Paul Ratilal.  MDT/Macauhub