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CDB loans to China-Africa Cotton Mozambique Limited for Subué Cotton Processing Plant Project (Linked to Record ID#65901)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | China-Africa Cotton Mozambique Limited |
| Country | Mozambique |
| Start Date | Jan 01, 2013 |
| End Date | Aug 02, 2029 |
| Duration | 6,057 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 40731 |
Grant Description
CDB loans to China-Africa Cotton Mozambique Limited for Subué Cotton Processing Plant Project In 2013, China Development Bank provided a loan to China-Africa Cotton Mozambique Limited (中非棉业莫桑比克有限公司) — a project company and special purpose vehicle — for the Subué Cotton Processing Plant Project.
This project involved construction of a cotton processing plant (ginnery) in Subué posto (locality) within Sofala Province.
Upon completion, it was expected that the plant would have the capacity to process 30,000 tons of raw cotton and 3,000 liters of cooking oil each year. A foundation-laying ceremony for the plant took place in May 2013.
China-Africa Cotton Mozambique Limited, which is also known as CACM, is now one of the three largest cutting planting and processing enterprises in Mozambique.
It provides approximately 1,000 jobs each year and supports as many as 50,000 households involved in cotton cultivate activities.
According to the CDB in 2018, since 2011, CDB has provided 9 cotton purchase loans to China Africa Cotton Development Co., Ltd. for a total of $125 million, which is mainly used to import cotton lint from Malawi, Mozambique, Zambia, and Zimbabwe, Mali, and Mauritius as part of a The Cotton Planting and Purchasing Project, the largest agriculture investment project in Africa (#65901).
This project is likely funded under one of these 9 cotton purchase loans.
Staff Comments
- The Portuguese project title is construção de fábrica de processamento de algodão em Subué.
- According to the China-Africa Cotton Mozambique Limited website, the Chinese Government and China Development Bank have allocated $8 million to its cotton processing plant.
Sources & References
- China mulls a cotton factory in Mozambique
- China is biggest importer of cotton produced in Mozambique
- Features Countries Macau Pearl River Delta About Us Contact Us Download MacauHub mobile app (iOS version) Download MacauHub mobile app (Android version) MACAO Magazine China is biggest importer of cotton produced in Mozambique
- Regional Focus: CHINA-AFRICA
- China constrói fábrica de algodão
- Chinese-run farms help Mozambique tackle food deficit
- Empresa chinesa inicia construção de fábrica de processamento de algodão em Subué Fonte: https://noticias.mmo.co.mz/2013/05/empresa-chinesa-inicia-construcao-de-fabrica-de-processamento-de-algodao-em-subue.html#ixzz6ZTm1yQdz
- Firm that cottoned on to a good deal
- Chinese company starts building cotton processing factory in Mozambique
- 中国走进非洲、发展非洲最最优秀的农业企业—中非棉业发展有限公司-
- 中非棉业莫桑比克有限公司
- China-Africa Cotton Mozambique Limited Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
China-Africa Cotton Mozambique Limited
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