China ''forgives'' Mozambique its debt

The President of the Republic,Filipe Nyusi revealed this Saturday in Sandton,South Africa,that China ''forgave'' Mozambique its debt,with no accrued interest by 2015.

The head of state spoke at the end of the Africa-China summit.

Forgiveness of the debt occurred during the meeting that President Filipe Nyusi had with his Chinese counterpart,Xi Jinping,in which both parties reiterated theircommitment to cooperate in defined areas by Mozambique as priority namely agriculture,infrastructure, industry.

According to Filipe Nyusi,China also announced that packages and credits granted in coming years will be improved in terms of interest charges,which means reaching interest below 1.5 percent. 

Guebuza explained that in bilateral meetings,as well as Customization of relationship,China announced support that shall see 16 million dollars applied in specific areas such as urban public transport,with the acquisition of eighty buses,opening more than two hundred boreholes for water among other services.

The President of the Republic assessed the Summit as a success both by the number of participants,as well as the content of the discussions of the lives of more than 2.4 billion Chinese and Africans

On Friday,the Commission of inquiry,set up by SADC to ascertain the causes of bloody uprisings in Lesotho delivered the final report to the presidency troika of SADC.

The head of state, Filipe Nyusi,who is also President of th of SADC troika,said there are still aspects to be clarified.

Philip Nyusi said he had instructed the facilitator,Ramapossa,to go to Lesotho to ascertain the actual causes of the situation,for further processing of the case.
The President left Sandton for Maputo this Sunday (RM-Sandton)