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Home›Forum›Mozambique is the gateway to Southern Africa, China Daily says

Mozambique is the gateway to Southern Africa, China Daily says

By -
Friday, March 13, 2015
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Mozambique is a “gateway to the south of the African continent” with “unlimited natural resources,” “an enviable location” and “new industries,” according to a description given by state-run newspaper China Daily.
“Mozambique is a diamond waiting to be polished with the help of its main Asian partner, China,” the newspaper said in a three-page supplement dedicated to that Portuguese-speaking African country.
Saying that Mozambique has large tracts of land available for agricultural production, “and so it should be simple to feed the population,” the paper cites examples of Chinese companies, such as Wanbao Grains and Oils, which is investing USD200 million in rice production on a large scale in Gaza province, south of the country.
Paul Muxanga, CEO of the Cahora Bassa Hydroelectric Facility said, “we are delighted with the fact that China is supporting our economic development, given that our country offers exceptional conditions for investments.”
The newspaper also refers to the investment of China State Grid Corporation that will be made in the construction of the South-Central power transmission line in partnership with Portuguese power grid company REN, which is the major shareholder, to connect the country’s main hydropower facility to centres of consumption.
China supported Mozambican ruling party Frelimo in its fight against Portugal and was one of the first countries to establish diplomatic relations with Mozambique, on its day of independence, 25 June, 1975.
In 2014, two-way trade between China and Mozambique more than doubled, to US$3,620 million, with a balance of US$310 million in China’s favour, according to statistics from the China Customs Service. MDT/Macauhub

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