Portuguese investment in Portuguese-speaking Africa falls 3 pct between January and April

17 July 2006

Lisbon, Portugal, 17 July – Portuguese investment in Portuguese-speaking African countries between January and April, against the same period of 2005, to 10.34 million euros, figures from the Bank of Portugal showed.

The figures show a rise of around 50 perecent between January and February, a month in which Portuguese investment totaled 3.4 million euros, and settled to around 2.3 million euros in the following two months.

The overall balance for the first four months of 2006 was, however, negative, as the bank of Portugal figures showed a debit of 34 million euros in the same period.

In the first four months of last year, investment in Angola, cape Verde, Mozambique, Guinea Bissau and Sao Tome and Principe totaled 10.6 million.

last year Portuguese investment fell to 38 million euros, or around a third of the 105.4 million euros invested in 2004.

The Portuguese authorities expect that in 2006 there will be a significant increase in investment in Portuguese-speaking countries, benefiting from the impetus provided by corporate and government delegations visiting Angola in April and Mozambique in the next few months. (macauhub)