Following on from the recent reports that the Brazilian company, Carmargo Correa had acquired a controlling stake in Cimentos de Nacala in Mozambique, comes the news of Brazilian growing interests in the country’s mineral resources, agriculture and construction
The Mozambican and Brazilian ministers of energy have just finalised a cooperation agreement under which Brazil’s Electrobras will conduct a study for construction of a 1400 km high tension power line linking Tete province to Maputo. The total cost of the Centre-South line project is estimated to be US$1.4 billion. The study will also look at ways to prepare power transmission infrastructures in central Mozambique for future hydroelectric use, especially in the Zambeze River valley. Press reports indicate that the study should be completed by the first quarter of 2011.
Brazil is supporting the development of construction technologies in Mozambique through an agreement between the two governments. The bilateral cooperation project involves support for development of a construction costs and indices system and a centre to research unconventional systems for building social housing.
After Brazil’s first business mission to Mozambique in 2009, most of the participating companies entered the market, particularly in the oil and gas, ornamental stone, astronomy, apparel, ironware and construction sectors. A second mission is scheduled to take place at the end of August 2010.
Read the article online at: https://www.worldcement.com/africa-middle-east/23062010/more_for_mozambique/