China to invest $13 billion in Mozambique - paper

Newswire

MAPUTO, Aug 27 (Reuters) - China plans to invest $13 billion in industrial, tourism, mining and energy projects in Mozambique over the next five years, a state-controlled newspaper said on Friday. The daily Noticias said agreements between China and Mozambique had been signed to construct a 20-square kilometer "China Town" in Mozambique's capital of Maputo and to build a car factory and hydroelectric dams. The two countries also agreed to establish a $2 billion investment fund to support ...

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