Textile company from the Aga Khan Network in Mozambique wants to regain giant title
https://www.diarioeconomico.co.mz/2024/08/26/negocios/empresas/moztex-investe-6-milhoes-de-dolares-para-recuperar-titulo-de-gigante-textil-em-mocambique/
Media Source: Diario Economico (Mozambique)
Date: 28 August 2024
With an investment of six million dollars (379.2 million meticais), MozTex, supported by the Aga Khan Development Network (AKDN), is committed to revitalising Mozambique's textile industry, aiming to recover the prominent role that the country once had in Southern Africa. It has been 15 years since the start of operations at
With an investment of six million dollars (379.2 million meticais), MozTex, supported by the Aga Khan Development Network (AKDN), is committed to revitalising Mozambique's textile industry, aiming to recover the prominent role that the country once had in Southern Africa. It has been 15 years since the start of operations at MozTex, a factory that resulted from the rehabilitation of the former Texlom, which was the largest textile company in Mozambique and renowned in Southern Africa, located in Matola, on the outskirts of the Mozambican capital. “This is a long-term investment project. As a result, we were asked by the State to use the Aga Khan Fund for Economic Development (AKFED) to replicate in Mozambique, the experience we have in this sector in Kenya,” explained Rui Carimo, deputy diplomatic representative of AKDN.