{"id":466225,"date":"2019-06-20T21:07:51","date_gmt":"2019-06-20T20:07:51","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=466225"},"modified":"2019-06-20T21:07:51","modified_gmt":"2019-06-20T20:07:51","slug":"agco-africa-providing-mechanization-for-a-key-agri-project-in-mozambique","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2019\/06\/20\/agco-africa-providing-mechanization-for-a-key-agri-project-in-mozambique\/","title":{"rendered":"AGCO Africa providing mechanization for a key Agri project in Mozambique"},"content":{"rendered":"
<\/div>

The aim of the Parque Agro-industrial de Moamba (PAM) agricultural project is to build reliable and resilient food production capacity in Mozambique<\/em><\/strong><\/p>\n

AGCO and AT Capital S.A have signed a memorandum of understanding to collaborate and work together towards the implementation of the Parque Agro-industrial de Moamba (PAM) Agri-Industry Park in Maputo, Mozambique. The announcement was made at the sidelines the 12th U.S. – Africa Business Summit \u201cAdvancing a Resilient and Sustainable U.S.-Africa Partnership\u201d in Maputo. The aim of the PAM agricultural project is to build reliable and resilient food production capacity in Mozambique, for domestic demand and export. Estimated at an investment of about US$52 million during its first phase, the project will span a site of over nine hundred hectares in the Mauvane area of Moamba district.<\/p>\n

The PAM project is an initiative of AT Capital S.A, a privately owned company based in Maputo – Mozambique, promoting investment in strategic sectors of Mozambique such as agro-industry. AGCO, a global leader in the design, manufacture and distribution of agricultural machinery and solutions will serve as a technical partner to the project. The first phase comprises setting up a system for the production of agricultural products; poultry and animal husbandry as well as other services in the value chain such as abattoirs. It also includes the supply of water and electricity and the construction of auxiliary roads.<\/p>\n

\u201cThe PAM project is a priority for AGCO in Africa, as it falls within the concept of our Agri-Park initiatives which are aimed at empowering African farmers through the integration of high-tech solutions, agronomy and the community,\u201d explained Nuradin Osman, AGCO Vice President and GM of Africa who was also in attendance as one of an exceptional line up of business and government leaders participating in panel discussions on industry-tested solutions to business challenges in Africa.<\/p>\n

Attended by over ten African heads of state and governments, the Summit is the flagship conference of The Corporate Council on Africa and brings together more than 1,000 U.S. and African private sector executives, international investors, senior government officials and multilateral stakeholders. The signing was witnessed by Deputy Assistant Secretary of the U.S. department of Commerce, Seward L. Jones Jr; Senior Commercial Officer at the US Embassy in Mozambique, Tamarind Murrieta; Overseas Private Investment Corporation (OPIC) MD, Africa, Worku Gachou as well as senior representatives from the U.S. Government Trade & Investment Initiative, Prosper Africa.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

The aim of the Parque Agro-industrial de Moamba (PAM) agricultural project is to build reliable and resilient food production capacity in Mozambique AGCO and AT Capital S.A have signed a memorandum of understanding to collaborate and work together towards the implementation of the Parque Agro-industrial de Moamba (PAM) Agri-Industry Park in Maputo, Mozambique. The announcement<\/p>\n","protected":false},"author":527180,"featured_media":466229,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12065],"tags":[16105],"class_list":{"0":"post-466225","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-press-releases","8":"tag-agco-africa","9":"post_format-post-format-aside","10":"pmpro-has-access"},"yoast_head":"\nAGCO Africa providing mechanization for a key Agri project in Mozambique - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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