AFDB PLEASED WITH IMPLEMENTATION OF MOZAMBIQUE PROJECTS

The Executive Director of the African Development Bank (AfDB), Heinrich Gaomab II, expressed satisfaction that Mozambique is implementing to the full the projects that have been approved and financed by the Bank.

Speaking to reporters after an audience granted by Mozambican President Filipe Nyusi, Gaomab said that Mozambican stands out because of its efficiency in reimbursing the credits lent by the AfDB.

“I am pleased because Mozambique is one of the few African countries which not only implements the projects of our bank, but also reimburses our funds speedily”, he said.

Gaomab said the AfDB pays particular attention to agriculture, energy, education and infrastructures. In agriculture, he pointed in particular to the Lower Limpopo Irrigation scheme, in Xai-Xai district, in the southern province of Gaza.

Mozambique has been a member of the AfDB group since 1977, and the AfDB has financed 62 projects in Mozambique since that date, amounting to total funding of 1.7 billion US dollars. Of this sum, agriculture accounts for 568 million dollars, transport 300 million, and eater supply and sanitation 145 million.

Among the most recent projects where the AfDB has authorized financing is the first phase of the road from Mueda to Negomano, in the far northern province of Cabo Delgado, in which the bank will invest 75 million dollars.

Source: NAM NEWS NETWORK