Agriculture Tech Firm, AGCO Signs Deal with AT Capital to Provide Mechanization for Food Project in Mozambique

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AGCO, a global leader in the design, manufacture and distribution of agricultural solutions, and investment firm, AT Capital S.A, have signed an agreement 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 United States-Africa Business Summit themed, ‘Advancing a Resilient and Sustainable U.S.-Africa Partnership’ in Maputo.

The aim of the PAM project is to build reliable and resilient food production capacity in Mozambique, for domestic demand and export. Estimated at an investment of about $52 million 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.

As part of the agreement, AGCO 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. It also includes the supply of water and electricity and the construction of auxiliary roads.

“The PAM project is a priority for AGCO in Africa, as it falls within the concept of our Agri-Park initiatives which are aimed at empowering African farmers through the integration of high-tech solutions, agronomy and the community,” explained Nuradin Osman, AGCO Vice President and GM of Africa

Osman attended the event as one of an exceptional line up of business and government leaders participating in panel discussions on industry-tested solutions to business challenges in Africa.

The affair was graced by over ten African heads of state and governments. The Summit is the flagship conference of The Corporate Council on Africa.

It brought together more than 1,000 United States and African private sector executives, international investors, senior government officials and multilateral stakeholders.

The signing was witnessed by Deputy Assistant Secretary of the US Department of Commerce, Seward L. Jones Jr.; Senior Commercial Officer at the US Embassy in Mozambique, Tamarind Murrieta; Overseas Private Investment Corporation (OPIC) MD, Africa, Worku Gachou as well as senior representatives from the US Government Trade & Investment Initiative, Prosper Africa.

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