Africa-Press – Mozambique. West International Holding (WIH), the Chinese majority shareholder in the “Dugongo” cement company operating in the Mozambican province of Maputo, has promised to disburse 800 million US dollars in a financial package to boost industrial development across the country.
The Mozambican Ministry of Industry and Trade and the Chinese investor signed on Thursday in Maputo a Memorandum of Understanding (MoU) for implementation, over the next few years, of four industrial development projects.
They include another cement plant with an annual production capacity of 5,000 tonnes, a thermal power station with two generators that can produce 50 megawatts of power each, a cement milling plant with installed capacity of 900 tonnes, as well as a glassware production unit with an annual capacity of 600 tonnes.
The Minister of Industry and Trade, Carlos Mesquita, told reporters that the Chinese investors have assessed several areas across the country. The latest WIH mission has just returned from the central province of Tete but also visited Nampula.
“They have a strong will to continue investing in Mozambique as a country with a great potential that offers conditions for further investments and partners they want to bring into the country’s industrial fabric,” he said, adding that WIH is attentive to the business environment.
WIH Chairperson, Zhang Jimin, said the construction and implementation of Dugongo Cement plan, with a daily production of clinker estimated at 5,000 tonnes, was a great success and enjoyed the support of the Mozambican government and people.
He pointed out that Mozambique is a country worth investng in because of the good investment environment, the local market as well as the availability of resources. “The investments will play a vital role in boosting the country’s economic development,” he claimed.
