$3.8 Billion Agricultural Investment to Boost Mozambique’s Already Growing Economy

Written by Makula Dunbar

May 22, 2013

Mozambique’s economic growth, which is already high due to new coal mining and natural gas projects, may be given further impetus over the next few years through agricultural investments of US$3.8 billion, according to the Economist Intelligence Unit (EIU).

Under the terms of the recently announced G8 initiative, New Alliance for Food Safety and Nutrition (2009-2012), international donors have pledged to provide US$380 million to help develop agricultural in Mozambique, which is added to US$500 million in private investment.

According to the EIU’s latest report on Mozambique, the initiative will be carried out as part of the renewed investment plan for the sector – the National Agricultural Sector Investment Programme (PNISA), presented on 12 April, and outlines investments of US$3.8 billon between 2013 and 2017.