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The governments of Mozambique and China will invest $333 million in the construction of two cement factories in the provinces of Nampula and Cabo Delgado, Mozambique, along with a quay bridge and hospital improvements.
Hyosung Heavy Industries signed a 42.8 billion KRW contract with Mozambique's state-owned electricity company EDM to supply and replace 14 units of 220kV ultra-high voltage transformers and expand substations by 2029.