AGCO and AT Capital S.A have signed a memorandum of understanding to 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 US-Africa Business Summit “Advancing a Resilient and Sustainable U.S.-Africa Partnership” 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$52mn during its first phase, the project will span a site of over nine hundred hectares in the Mauvane area of Moamba district.
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.
Nuradin Osman, vice-president and general manager at AGCO of Africa, said, “It’s significant that AGCO, as one of the sponsors of the 12th US-Africa Business Summit is committed to advance another Agri-Park styled initiative in Africa on this platform that is promoting business and investment between the United States and the nations of Africa.”
On 20 June 2019, Osman spoke at the Agribusiness 2.0 plenary session of the US-Africa Business Summit in Maputo, Mozambique. The panel discussion looked at the impact of data, technology and strategic policies of both private companies and governments in order to develop a sustainable agriculture ecosystem that meets the challenges of 21st century Africa.