Tag: Mozambique

Mozambique’s Bananalândia Group eyes bigger banana export market, opening US$20m processing unit

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MOZAMBIQUE – Bananalândia Group, a major producer and exporter of bananas in Mozambique has inaugurated its new US$20 million production and processing unit in Maputo province, South of the country. The new unit according to Club of Mozambique, uses modern equipment to plant banana palms and occupies an area of 900 hectares. It currently employs 1,000 workers, with an annual production capacity of 3.5 million boxes for export, reinforcing Mozambique’s lead position in the regional banana market. Over the last decade, much has been done to make the country a…

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AB InBev officially cuts ribbon to fourth brewery in Mozambique worth US$180m

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MOZAMBIQUE – Anheuser-Busch InBev (AB InBev), the world’s largest beer producer through its Mozambican subsidiary Cervejas de Mocambique (CDM), has officially inaugurated its new US$180 million brewery. The new processing facility was opened by the President of the Republic, Filipe Nyusi who graced the occasion. According to reports by Reuters, the new site has a production capacity of 2.4 million hectolitres per year, with potential to expand that to 6.7 million hl. It has a filling line with the capacity to produce 80,000 bottles per hour. CDM claims that the…

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Mozambique to exports 200,000 tonnes of pigeon peas to India half of the set import quota

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MOZAMBIQUE – Mozambique has inked a trade agreement with the government of India to export 200,000 tonnes of pigeon peas to the Asian country over the next five years. This was revealed by the outgoing Indian ambassador, Rajeev Kumar who stated that the Indian government had sent a proposal via the Foreign Ministry to import the stated amounts, and the Agriculture Ministry has accepted it. The export of pigeon peas to India arose as the result of a memorandum of understanding signed during the visit of the Indian Prime Minister…

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WFP seeks US$132m to deliver food to over 750,000 vulnerable people in Mozambique

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MOZAMBIQUE – The United Nations World Food Programme is in urgent need of US$132.4 million to be channelled in offering humanitarian food assistance in the next 12 months to the 750,000 people affected by the conflicts in nothern Mozambique. WFP is currently assisting up to 400,000 people in the country with an in-kind monthly family food basket of 50 kg of cereals, 5 liters of oil and 10 kg of dried beans and lentils. The humanitarian organization also provides cash-based assistance where local markets are functioning, allowing families to choose…

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Mozambique, IFAD launch US$72.5m agri-food value chain development programme

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MOZAMBIQUE – The Government of Mozambique and the International Fund for Agricultural Development (IFAD) officially launched the Inclusive Agri-Food Value Chain Development Programme (PROCAVA) to improve rural livelihoods, food security and resilience. PROCAVA is a ten-year programme that builds on the success of the previous IFAD-supported project for Pro-Poor Value Chain Development in the Maputo and Limpopo Corridors. With total funding of US$72.5 million, IFAD is providing an US$8.4 million loan and a US$33.6 million grant for the new project. In addition, the Government of Mozambique is providing US$4.9 million,…

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Mozambique’s Chicoa Fish Farm clinches US$1.5m in Series A funding round led by Goodwell

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MOZAMBIQUE – Chicoa Fish Farm, the largest commercial provider of fish in Mozambique has closed its Series A equity funding round totalling US$1.5 million from Goodwell Investments. The vertically integrated aquaculture business, is focused on securing its supply chain through primary production of tilapia, runs a breeding program, and develops fish sales and distribution channels in Mozambique, Malawi, South Africa, and Zambia. According to a report by Tech Moran, Chicoa will utilize the new funding to transition to the next stage of growth i.e. processing and distribution of frozen tilapia…

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Mozambican agribusiness ventures to benefit from US$15.9m credit line created by government

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MOZAMBIQUE – Mozambican commercial bank, Moza Banco and the National Fund for Sustainable Development (FNDS), an institution under the Ministry of Agriculture and Rural Development (MADER), has signed a protocol to avail a 1.17 billion meticais (US$15.9m) credit line for the agribusiness sector. The credit line designed, according to Moza Banco, constitutes a non-refundable grant component, which translates into a contribution in funds to support the strengthening of the equity of those business units. The joint financing solution will be disbursed under the Sustenta program which was financed at US$500…

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Plastic manufacturer Arkay Plastics gets backing from Spear Capital

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SOUTHERN AFRICA – Southern African plastic manufacturer Arkay Plastics has received an undisclosed amount of investment from International private equity firm Spear Capital. Spear Capital announced it has made the investment in Arkay’s unit in Zambia and Mozambique to equip it with means of becoming a leading player with market dominance in the manufacturing sector. Arkay Plastics is regarded as the leading brand name for plastic houseware, furniture, industrial products and packaging in the operating countries, with distinct segments in retail, exports, packaging and crates. The manufacturer carries approved supplier…

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Heineken Mozambique kicks off local production of Heineken beer following US$20m investment

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MOZAMBIQUE – Heineken, leading beer maker has inaugurated a new production line worth US$20 million at its Mozambique plant to produce Heineken beer in the country for the first time. The new production line having a production capacity of 350,000 hectolitres per year (35 million litres) can fill 16,000 bottles in an hour, corresponding to 666 crates, each holding 24 bottles, reports AIM. Speaking at the launch ceremony, Minister of Industry and Commerce Carlos Mesquita noted local production of the Heineken beer would save the country about US$50 million a…

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Mozambican oil and gas giant Exxon Mobil invests US$400K for agricultural advancement

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MOZAMBIQUE – ExxonMobil Moçambique Limitada (EMML), one of the largest oil and gas producer in Africa is investing US$400,000 to promote agricultural advancement in Mozambique. EMML is undertaking the project on behalf of Rovuma Venture and the Area 4 partners. Rovuma LNG is a world-class development aiming to deliver reliable, affordable energy to customers and create long-term economic value for project partners and the people of Mozambique. The launched project is targeting to work with local farmers in Palma Sede, Northern Mozambique to build horticulture tunnels and provide supplies for…

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