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Mozambican President Filipe Nyusi has called on businesses to invest in processing the country’s mineral resources, rather than exporting the minerals unprocessed.
Mozambican President Filipe Nyusi has called on businesses to invest in processing the country’s mineral resources, rather than exporting the minerals unprocessed. The President during a working visit to a graphite factory under construction, in Nipepe district, in the northern province of Niassa, stated that Mozambique is going to do primary processing of minerals in the country. However, first, one needs the primary investment to make a profit.
The factory construction, which is with Chinese funds, is budgeted at 100 million dollars and it will have the capacity to process 200,000 tonnes of graphite a year, making it one of the largest graphite factories in Africa.
The President believes that the investment will promote the social development of the region, as well as contribute revenue to the state coffers. Nyusi was hopeful that the next investment would be in processing. One must mobilize investments towards transformation. The next ones we mobilize here won’t do the initial work, they’ll come and buy the product and transform it and the value chain grows this way.
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On the same occasion, the President inaugurated a bridge over the Lúrio River, budgeted at 15 million dollars. The infrastructure was funded by the same Chinese mining company. This bridge is a crucial element in the viability of agricultural businesses, and the promotion of agro-processing for the regions of Malema, Lalaua, and Nipepe. It also links to the Port of Nacala, for the flow of exports and imports.
