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Brazilian firm to invest in Green Belt Initiative

Costa Negócios, a Brazilian company working in commercial exports, agribusiness and industrial building, says it plans to invest in the mining and agriculture sectors in Malawi.

Costa Negócios chief executive officer responsible for Africa, Danilo Danelucci, said this recently on the sidelines of an audience the company had with President Peter Mutharika in New York, United States of America.

Mutharika greeting Costa Negócios officials before the meeting

He said the company would first invest in the agriculture sector with the Greenbelt Initiative as its primary target.

“We met with the President to talk about opportunities in Malawi, especially the Greenbelt Initiative. Our company likes to empower small-scale farmers and we see the Greenbelt as a potential project to develop agriculture in Malawi, especially for small-scale farms,” Danelucci said.

“We are injecting US$50 million as the first tranche towards the project and this will be done within the next four or six months once all the paperwork is done,” he said.

Costa Negócios operates in Latin America, Africa and Europe.

In Africa, it largely operates in Angola, with other projects in Mozambique and Equatorial Guinea.

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