Mozambique: FDI in 2007 totals US$8 billion

14 February 2008

Maputo, Mozambique, 14 Feb – The Mozambican government approved in 2007 192 investment projects totaling US$8 billion, the Mozambican Center for Investment Promotion (CPI) said in Maputo.

The value of foreign direct investment (FDI) was mush higher than that seen in 2006, a year in which approved investment proposals totaled US$800 million.

According to the CPI, the raw materials, industry, agriculture and agro-industry and tourism sectors were the main destinations of FDI.

By provinces, Tete and Nampula received the highest levels of investment, with US$5 billion and US$1.6 billion, respectively, with the former relating to coal mining and the latter to construction of a refinery.

Third and fourth places were taken up by the provinces of Gaza – US$605.5 million – and Maputo – US$531 million – and in fifth place was Sofala province, with US$171 million. (macauhub)