Approved investment projects in Mozambique double in 1st half of 2006

27 July 2006

Maputo, Mozambique, 27 July – The Mozambican Center for Investment Promotion (CPI) in the first half of 2006 approved 74 projects valued at a total of 295 million euros, more than double the amount achieved in the first half of 2005, CPI figures showed.

The figures showed that of the total projects put forward to the Mozambican authorities between January and June, 74 were approved and would create a total of 7,646 jobs.

In the first six months of 2005 64 projects were approved for an estimated 132 million euros, which created 4,976 jobs, the CPI said.

Of the total foreign and national direct investments authorized this year by the CPI, 30 are for setting up hotel and tourism developments.

The projects related to transport and communications are those that account for the greatest value, with four projects having been approved for these sectors worth some 117 million euros.

There were also high levels of investment in the agriculture, agro-industry, mining and industrial sectors, CPI said. (macauhub)