Mozambique: US leads in investments made in last 10 months – government

14 November 2007

Maputo, Mozambique, 14 Nov – The United States heads the list of the biggest investors in Mozambique and this year alone has invested US$1 billion in the country, according to figures from the Center for Investment Promotion (CPI).

As well as the US, the United Kingdom, South Africa and Sweden are the countries that have invested most in Mozambique, in projects in Nampula in the north and Tete, in central Mozambique.

In fact this is the first time these provinces have benefited from significant projects which are usually focused on Maputo, in the south of the country.

In sector terms investment proposals are focused on mineral resources (around 89 percent of total investment), against 83 percent of the volume of investment in the Moatize coal project in Tete province.

Farming and agro-industry are also priority sector for investors, the CPI said estimating that proposals approved this year had the potential to create approximately 8,000 jobs.

Last year the CPI approved 157 projects, mainly in the area of tourism, which exceeded US$842 million in investment, or 15 percent more than in 2005.

The CPI said that recently the country had seen the rate of investment speed up, particularly in terms of the presentation of proposals, although putting these projects into practice remains a slow process. (macauhub)