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Friday, 25 June 2010

China in Africa Watch (Mozambique)

Two Chinese banks recently announced that they are willing to finance three mega-projects in Mozambique totalling US $165m. Of this amount, US $65m will be disbursed by the Export-Import Bank of China, as part of the second and final phase of Maputo International Airport upgrade, to begin later this year. Among other projects include the US $80m construction of a new cement plant in the central province of Sofala, with capacity to produce 500,000 tonnes per year.

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