Foreign companies have invested about $710 million in Mozambique to produce 440 million litres of ethanol a year from sugar cane. About 48,000 hectares has been set aside for the production of sugarcane across six provinces. The production of ethanol will be led three companies : ProCana Ltd. a Mozambican company which has an investment agreement with Mozambique's government ethanol plant; Principle Energy, a renewables energy company in which London-listed fund manager Principle Capital has a significant undisclosed stake; and Groun Resoources. The projects could generate between 7,000 and 10,000 jobs. Read more here.