Chinese investment for Mozambique plant

The China Development Bank is to fund construction of a cement plant in Beluluane in Mozambique’s Maputo province to the tune of US$ 100 million. It is reported that the investors have obtained funding from the China-Development Bank via the China-Africa Development Fund and work could begin immediately. The new plant will have a capacity of 1 million tpa and, as well as regulating the price of cement on the Mozambique market, it could also supply some countries in Southern Africa.

The poor supply of cement and high construction costs are two of the most serious obstacles to construction projects moving ahead, particularly those of the State. The director of CPI said that his institution had approved four investment projects for cement plants in Southern Mozambique. Among the interested parties are investors from China, India and Tanzania. They now have two years to launch their projects.

Read the article online at: https://www.worldcement.com/asia-pacific-rim/20052010/chinese_investment_for_mozambique_plant/