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Israel Trade Centre focuses on southern Africa

10 Dec 2003 - by Staff reporter
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First project gets moving in Mozambique Anna Cox THE ISRAEL Trade Centre (ITC) has formulated a three-year masterplan for working and doing business in South and Southern Africa. This follows a recent trade delegation from Israel comprising 15 companies from different industry sectors. There will be follow-up visits as early as next month, Elad Stav, first secretary of economic affairs of the ITC told FTW. The first project which has been identified and in which Israeli companies will be involved, is in the Zambesi Valley in Mozambique where 5,5 million hectares of land have been set aside for agricultural projects such as the growing of sugar, cotton and rice. Two million of these hectares will need irrigation. The project is scheduled to start early next year. Other countries which the ITC will be investigating will be Angola, the Democratic Republic of Congo and Namibia.

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FTW - 10 Dec 03

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