AGA KHAN WANTS TO REACTIVATE TEXLOM - 2002-11-08

Maputo, Mozambique - The Paris-based Aga Khan Network is considering reviving the giant Mozambican textile company Texlom, in the southern city of Matola.Texlom, which once employed 3,000 workers, has been paralysed for the past four years, and was declared bankrupt in 2001. A Mozambican government source told AIM that an Aga-Khan mission, headed by Nazim Ahmad, visited Maputo in October to contact the Mozambican authorities and study the possibility of rehabilitating the factory. Accompanied by Trade and Industry Minister Carlos Morgado, the delegation visited the factory, where it held a meeting with officials from various sectors of the Mozambican economy, including the Investment Promotion Centre (CPI), the Mozambique Cotton Institute (IAM), the Customs Services, and the factory's management commission.