{"id":6899,"date":"2021-10-05T18:07:52","date_gmt":"2021-10-05T18:07:52","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=6899"},"modified":"2021-10-05T15:47:05","modified_gmt":"2021-10-05T15:47:05","slug":"mozambique-wih-to-spend-800-million-dollars-on-industrial-development-watch","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-wih-to-spend-800-million-dollars-on-industrial-development-watch","title":{"rendered":"Mozambique: WIH to spend 800 million dollars on industrial development \u2013 Watch"},"content":{"rendered":"

Africa-Press<\/a> – Mozambique<\/a>. <\/strong><\/span>West International Holding (WIH), the Chinese majority shareholder in the \u201cDugongo\u201d 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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

\u201cThey 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\u2019s industrial fabric,\u201d he said, adding that WIH is attentive to the business environment.<\/p>\n

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.<\/p>\n

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. \u201cThe investments will play a vital role in boosting the country\u2019s economic development,\u201d he claimed.<\/p>\n

video<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. West International Holding (WIH), the Chinese majority shareholder in the \u201cDugongo\u201d 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 […]<\/p>\n","protected":false},"author":84,"featured_media":6898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16,18],"tags":[233,281,283],"class_list":["post-6899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","category-video","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMozambique: WIH to spend 800 million dollars on industrial development \u2013 Watch - Mozambique<\/title>\n<meta name=\"description\" content=\"West International Holding (WIH), the Chinese majority shareholder in the \u201cDugongo\u201d cement company operating in the Moza ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-wih-to-spend-800-million-dollars-on-industrial-development-watch\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique: WIH to spend 800 million dollars on industrial development \u2013 Watch\" \/>\n<meta property=\"og:description\" content=\"West International Holding (WIH), the Chinese majority shareholder in the \u201cDugongo\u201d cement company operating in the Moza ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-wih-to-spend-800-million-dollars-on-industrial-development-watch\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-05T18:07:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/10\/img-615c73614d601.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"442\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-wih-to-spend-800-million-dollars-on-industrial-development-watch#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-wih-to-spend-800-million-dollars-on-industrial-development-watch\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique: WIH to spend 800 million dollars on industrial development \u2013 Watch\",\"datePublished\":\"2021-10-05T18:07:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-wih-to-spend-800-million-dollars-on-industrial-development-watch\"},\"wordCount\":296,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-wih-to-spend-800-million-dollars-on-industrial-development-watch#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/10\/img-615c73614d601.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\",\"video\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-wih-to-spend-800-million-dollars-on-industrial-development-watch#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-wih-to-spend-800-million-dollars-on-industrial-development-watch\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-wih-to-spend-800-million-dollars-on-industrial-development-watch\",\"name\":\"Mozambique: WIH to spend 800 million dollars on industrial development \u2013 Watch - 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