Sunday, September 13, 2026
FurtherArabiaFurtherAsiaFurtherBrazil
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Mozambique to benefit from India’s $10bn concessional credit for Africa

FurtherAfrica by FurtherAfrica
June 16, 2017
in Africa, Aid, Donors, FDI, Finance, Mozambique
Reading Time: 1 min read
982 30
0
Share via QR codeWhatsappShare on Facebook
Share on X
LinkedInPinteresteMail

India will fund water holes in the Mozambique’s drought-affected regions as part of ongoing cooperation between the two countries, a top government official said on Thursday.

India’s Prime Minister Narendra Modi said in 2016 his country will provide a concessional credit of $10 billion to Africa in the next five years, a doubling of its existing commitment and grant assistance of $600 million, before he urged the continent’s leaders to speak in “one voice” with it in pushing for UN reform and combating climate change and the threat of terrorism.

According to Belmiro Malate, the Mozambican Director for Asia and Oceania (DAO) at the Ministry of Foreign Affairs and Cooperation (MINEC), agreements between the two countries for the implementation of this project is soon to be signed.

“The project has already been approved by the Indian Government and we are currently waiting for the signing of the agreements to pass the implementation phase. With this agreement is intended to open water wells in some areas that were affected by the drought last year, “he said.

Malate said the India funding could be used to invest in areas considered a priority by the government, such as agriculture, energy, infrastructure and others.

He said during the meeting between the Prime Minister and the High Commissioner, they discussed issues associated with maritime safety along the Mozambican coast and the commander of the Indian navy is expected to visit Mozambique, where the respective agreements will be signed.

On maritime security, India would work to support Africa, as appropriate, in the implementation of the AU 2050 Africa’s Integrated Maritime (AIM) Strategy in accordance with International Maritime Law.

Source: Journal du Cameroun

Related

Tags: aidAIMBelmiro Malateconcessional creditCredit LineDAOdroughtIndiaMINECMinistry of Foreign Affairs and CooperationMozambican Director for Asia and OceaniaMozambiqueNarendra Modiwater holesモザンビーク莫桑比克
ScanSendShare405
Tweet253
Share71Pin91Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

LATAM to reconnect South Africa to Brazil
Tourism

Africa’s new tourism corridors are changing the continent’s travel economy

by Elizabeth Khumalo
September 12, 2026
From Conflict to Community: The Power of Football
Sports

Can Africa turn major sporting events into a tourism industry?

by Elizabeth Khumalo
September 11, 2026
Energy & Power

Africa50 renewable energy fund raises $71m for SMEs

by FurtherAfrica
September 9, 2026
Banking

From interest to invested: banking the foreign investor’s journey into Mozambique

by FurtherAfrica
September 8, 2026
Retrospective: The race to connect the African skies
Infrastructure & Construction

Africa aviation growth will more than double the fleet by 2045

by FurtherAfrica
September 6, 2026
FurtherAsia

Translate this page

Read the Latest

South African innovation on display at Chinese innovation forum in Shanghai
Science, Technology and Innovation

South Africa innovation debuts as Pujiang Country of Honour

by FurtherAfrica
September 13, 2026
0

South Africa innovation takes centre stage at Pujiang 2026 — the first African nation to earn Country of Honour status...

Read moreDetails

China Africa zero-tariff era rewires export trade

September 13, 2026
LATAM to reconnect South Africa to Brazil

Africa’s new tourism corridors are changing the continent’s travel economy

September 12, 2026
Opinion – The Challenges and Opportunities of the Lobito Corridor

Lobito Corridor railway turns mineral ambition into reality

September 12, 2026
From Conflict to Community: The Power of Football

Can Africa turn major sporting events into a tourism industry?

September 11, 2026

FurtherAfrica Partners Network

The ExchangeFarmers Review Africa360 Mozambique
TechGist AfricaEnergy Capital & PowerClub of Mozambique
Taarifa RwandaWeb3AfricaSee Africa Today
Africa Global FundsNovafricaCrudeMix Africa
Harambee AfricaBotswana unpluggedFinancial Insights Zambia
O EconómicoDigilogic Africa 

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 98K other subscribers
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.