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    24 October, 2013
World Bank to advise Portucel on plantation
 
London, 24 Oct (AIM) - The International Finance Corporation (IFC), the member of the World Bank Group that focuses on the private sector in developing countries, is to support the development of a huge eucalyptus plantation in Mozambique.

IFC has signed an agreement with the Portuguese paper company Portucel to advise the company on how it can strengthen the sustainability of its forestry operations in Mozambique.

Portucel is investing 2.3 billion US dollars on an integrated eucalyptus plantation, pulp and energy project in the central provinces of Manica and Zambezia. The project could generate 7,500 direct jobs.

IFC’s support will include assessments of environmental and social impact, community engagement, community development planning, and help with the implementation of community and enterprise investments.

According to Portucel’s chief executive, Jose Honorio, “Portucel is committed to the long term success of its investment in Mozambique, and we are reaching out to partner IFC and the World Bank Group to help us develop forestry in Mozambique in line with the strongest international environmental and social standards”.

The IFC chief executive, Jin Yong Cai, pointed out, “Mozambique needs large scale investment to diversify its economy beyond extractive industries and create employment. IFC and our partners are working to engage with local communities and ensure that the benefits of private sector investment are broadly shared”.

The Mozambican government has awarded Portucel land use concessions of over 356,000 hectares in Manica and Zambezia.

Phase I of the project involves a greenfield plantation of 60,000 hectares of eucalyptus. In addition to advisory support, IFC is considering an equity investment in Portucel’s Mozambique operations.
(AIM)
 
 
  2 December, 2019  
 
AIDS related deaths fell 20 percent over five years
 
President Filipe Nyusi declared on 1 December in the northern city of Nampula that the number of deaths from HIV/AIDS in Mozambique fell by 20 per cent between 2014 and 2018.

 
  18 November, 2019  
 
President addresses Catholic Bishops
 
President Filipe Nyusi on 16 November challenged the Catholic Church to continue its commitment to achieving the social well-being of Mozambicans and indicated that dialogue should be one of the paths chosen.

 
  17 November, 2019  
 
New water system for Gorongosa inaugurated
 
More than 30,000 people will benefit from clean drinking water in Gorongosa town, in the central Mozambican province of Sofala, thanks to a new water supply system that President Filipe Nyusi inaugurated on 15 November.

 


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