Foreign direct investment in Mozambique totals US$60 million in the first half

13 September 2006

Maputo, Mozambique, 13 Sept – Mozambique received US$60 million in foreign direct investment (FDI) in the first half of 2006, with South Africa contributing half of the total, officials said Tuesday in Maputo.

Figures from Mozambique’s Center for Promotion of Investments (CPI) showed that of a total of 23 countries, South Africa continued to head the list of investors in the country, with 32 projects approved in the first six months of 2006.

Portugal remained in fourth place, with four projects approved, totaling US$3 million.

Great Britain, which last year was the second biggest investor in Mozambique, with a total of 15 approved projects, fell to fifth place in the first half of 2006, with nine projects.

In the first half of the year, China, which was in sixth place, fell to 17th place with just one project approved, accounting for US$200,000.

Ireland and Malawi were the countries to make most headway on the list of biggest foreign investors in Mozambique, as they occupied second and third places, respectively.

In 2005 FDI totaled over 165 million euros and came from 27 countries, with 136 investment projects approved. (macauhub)