UK firms biggest investors in Mozambique

23 December 2005

Maputo, Mozambique, 23 Dec – British companies were responsible for the largest chunk of foreign investment in Mozambique during the first half of 2005, pumping some 22 million euros into the southeast African country, according to official figures.

Mozambique’s CPI investment promotion agency said Thursday that UK firms made eight investment proposals totalling over euros 22 million in the first six months of this year. South Africa was the second largest source of foreign investment in the same period with 3.6 million euros.

Portugal, 5.4 million euros, was the third largest investor in Mozambique in the first half of 2005, said the CPI, followed by Zimbabwe, 5 million euros, and Mauritius, 1.5 million euros.

Most proposals for foreign investment were for projects in the southern province of Maputo, added the CPI. (macauhub)