Mozambique: China and Macau amongst 10 biggest investors in 2008

19 February 2009

Maputo, Mozambique, 19 Feb – China and Macau are in the list of the ten biggest investors in Mozambique, which is led by South Africa, Macauhub has learned from the Mozambican Centre for Investment Promotion (CPI).

The source did not give the values of investments made.

In 2008 the CPI approved a total of 194 projects totalling US$1 billion, which are expected to create 20,000 jobs.

China is involved in various areas of development in Mozambique, particularly the construction sector.

Macau, in its turn, has investments in various areas including agriculture but the most visible is Banco Moza, owned by gaming magnate Stanley Ho.

The first ten places in the list also include Portugal, Italy, Mauritius, the United Kingdom, Dubai, France and Malawi.

It is interesting to note that the United States does not appear in the top ten list of investors in Mozambique. (macauhub)