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    Swazis eye business opportunities from proposed Mozambican corridor project

    APA-Mbabane (Swaziland)

    Swazi businesses have been encouraged to take up the cross border trade and business opportunities presented by the proposed US$5.25-billion Nacala corridor rail and port project in neighbouring Mozambique.

    According to the African Development Bank (AfDB), the project will comprise construction of a 912-kilometre railway line from the Tete Province in western Mozambique to Nacala Port on the eastern coast of the country, through Malawi. 

    It will also included the construction of a deep sea port and associated terminal infrastructure at Nacala.

    In light of the proposed development, Swaziland was encouraged to improve trade relations with Mozambique to allow for easier movement of goods between the two countries.

    The Federation of Swaziland Employers and Chamber of Commerce (FSE & CC) chief executive Bonisiwe Ntando said the opportunity presented by corridor project was “a good opportunity for Swazi businesses.”

    “This is an opportunity for growth for local businesses, more especially because FSE&CC already has a memorandum of understanding with the Mozambican business federation,” Ntando told local media on Friday.

    The AfDB announced recently that it will support the project with approximately US$300 million from its private sector window.

    BM/jn/APA

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