The Mozambican President Filipe Nyusi inaugurated a new cereal processing factory invested by the private company MEREC in the city of Beira, capital of the central province Sofala, the state-run Radio Mozambique has reported.
The 8-million-USD investment is a contribution to the national Industrialize Mozambique program, which looks to boost industrialization in the country based on local value chains, making the country more self-sufficient in food production, according to the report.
The president said the processing unity adds value to the agriculture sector, and it will help stabilize the prices in the external market and boost the export of maize flour to neighboring countries.
With the processing unity running and its additional storage capacity, the government expects the country’s reserves to be enough to solve problems in case of shortage or over-production, says the report.
Launched in August 2021, the national Industrialize Mozambique program aims to reduce imports with competitive exports, to modernize the local productive capacity as well as to increase employment and generate income.
