China “climbs” from 25th to 6th largest investor in Mozambique

22 June 2006

Johannesburg, South Africa, 22 June – China climbed from 25th to 6th largest investor in Mozambique in 2005, with total investments in the East African country of US$5.6 billion, according to figures from the Credit Guarantee consultancy published in South Africa’s Times newspaper.

The main investor in Mozambique remained South Africa, with 52 construction and infrastructure projects, at a total investment of US$93.7 billion, or 58 percent of the total invested in the country last year.

South Africa was followed by the United Kingdom, with 15 projects valued at US$27.8 billion, and Zimbabwe in fourth place with a total of US$9.1 billion.

António Matos, chairman of the Mozambique/South Africa chamber of commerce, highlighted to the Times the investment opportunities available in agriculture, particularly in tobacco, sugar, cotton, soy, coffee and tea – as well as in the mining industry.

“Mozambique has arable land of very good quality, and it is having record harvests,” Matos told the South African press. (macauhub)