Speaking at the opening of 'Conclave on India/Africa Project Partnership 2007' in Maputo, Mozambique's Minister of Energy, Salvador Namburete, said Mozambique has become "one of the major African destinations for investment from various parts of the planet."
The country's GNI (gross national income) has doubled in the past 5 years, and GDP growth was 7.7% in 2006.
Investments not only include mega-projects such as the MOZAL aluminium smelter on the outskirts of Maputo, and the Brazilian investment in coal mining in the western province of Tete, but also a 'concerted effort by the government to promote the country's enormous business potential' to 'non-traditional' investors in Asia, including India. Namburete says the government hopes to see further investment in such areas as agriculture, food processing, mining and energy.
Namburete said the Mozambican government was committed to the promotion of biofuels "with the aim of responding to the national poverty alleviation agenda, as well as providing a response to high, unpredictable and volatile oil prices on the world markets." Among the benefits of biofuels the minister mentioned the fact that "they are labour intensive, and can create agricultural and agro-industrial employment, self-employment and income."
Producing biofuels does not threaten food security in Mozambique, given its vast unused land base. Namburete pointed out that Mozambique has 36 million hectares of arable land of which only nine per cent is currently in use.
Furthermore, a crop like Jatropha curcas, can be grown "on an additional 41.2 million hectares of marginal land, giving people in rural areas the opportunity to generate an income out of land that did not produce anything at all."
Biopact
To ease your site search, article categories are at bottom of page.
July 06, 2007
Mozambique, India to collaborate on biofuels
Categories biofuel, jatropha, Mozambique