Japan loans Mozambique $672m to develop access to resources
Japan will lend Mozambique 70-billion yen over five years, Prime Minister Shinzo Abesaid on Sunday, as the Asian nation seeks to secure access to the Southern African country’s rich coal and gas reserves.
The former Portuguese colony has seen a spike in foreign investment since it hit on huge gas reserves and hopes to use its mineral findings to develop industry and boost its economy, still scarred by the civil war which ended two decades ago.
Read more at: http://www.miningweekly.com/article/japan-loans-mozambique-672m-to-develop-access-to-resources-2014-01-13
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