Two agricultural firms AGCO and AT Capital S.A have signed an undertaking towards implementing the Parque Agro-industrial de Moamba (PAM) in Maputo, the Mozambique capital.
The PAM project is directed at building a reliable and strong food production volume in Mozambique, for local demand and export purpose. The project’s first phase was estimated at $52 million, and will cover a distance on sites of over 900 hectares in the Mauvane area of Moamba region.
The proposed project which was unvieled at the 12th United States-Africa Business Summit, with the theme; Advancing a Resilient and Sustainable U.S-Africa Partneship held in Maputo, Mozambique is expected to contribute meaningfully to the Mozambique agric development.
As part of the agreement, AGCO will perform duties as a technical partner to the project. The initial phase consists of setting up a system for production of agricultural products, which includes poultry and animal husbandry, and other services in the value chain.
The AGCO Vice President and GM of Africa, Nuradin Osman, said the project is a prime concern for AGCO in Africa, as it is within the idea of the Agri-Park initiatives which are directed at empowering African farmers through the combination of high-tech solutions, agronomy and the community.
The PAM project is an initiative of AT Capital S.A, a private organization based in Mozambique, which promotes investment in strategic sectors, such as agro-industry, in partnership with AGCO, a global leader in the design, manufacture and distribution of agricultural equipment.
AGCO through well-known brands delivers agricultural solutions to farmers worldwide with the use of full line tractors, combine harvesters, hay and forage equipment, seeding and tillage implements, grain storage and protein systems, as well as replacement parts.