Mozambique clothing manufacturer eyes South African, AGOA market

Mozambique clothing manufacturer eyes South African, AGOA market
Published date:
Thursday, 16 December 2010
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Mozambican clothing manufacturer Moztex, formerly known as Texlom, has started to export articles of clothing to South Africa, and since August has exported 1,200 items to its neighbouring market, a company official said in Matola Wednesday.

The representative for Portugal and Mozambique of the Aga Khan Development Network, Nazim Ahmad, said that the company planned to start exporting its products to the United States under the terms of the AGOA (African Growth and Opportunity Act) initiative, and to Europe as of 2011.

Ahmad said that in order to start business at Moztex the Aga Khan Development Network (AKDN), initially invested US$2.5 million.

“We currently have around 300 machines and soon we will have 1,000 machines and, then we will be able to employ between 1,800 and 2,000 people, with investment totalling US$7.5 million,” said Ahmad.

In Mozambique, the AKDN has interests in Cabo Delgado province, where it launched a rural development programme on the coast and a micro-finance bank.

In Maputo province, as well as the Polana Serena Hotel and Moztex, the AKDN owns the Aga Khan Academy Centre for Professional Development, where it has started programmes for teacher development.

 

 

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