Mozambique: Absa Bank commits to support export products value chain

Absa Bank Mozambique has recently committed to supporting the development of export product value chains by financing the commercial production and processing industry of macadamia, avocado, lychee, beans and agro-forestry products. For this purpose, the Bank plans to invest in the development of credit lines for agro-industries, with a focus on Small and Medium Enterprises (SMEs). Speaking at the first edition of the Manica Business and Investment Roundtable between Mozambique and the United Kingdom, the director of Agricultural Banking at Absa Bank Mozambique, Marcelino Botón, said that the industrialization of rural areas depends on strong investment in production technologies and agro-processing. “We need to invest in agricultural mechanization, irrigation systems, conservation and storage infrastructure such as silos and specialized warehouses and agro-industries. Along the same path, we have listed as priorities the construction of infrastructure and logistics management ...