Mozambique: China is fifth largest investor in first quarter

29 April 2009

Maputo, Mozambique, 29 April – China took fifth place in the list of the biggest investors in Mozambique in the first quarter of the year, a list that was headed by South Africa, according to figures from the Mozambican Centre for Investment Promotion (CPI) accessed by Macauhub.

In the period, Chinese companies invested US$2.1 million in Mozambique and South African companies invested US$18 million, whilst companies from Portugal, in second place on the list, invested US$15.5 million.

The CPI published figures on the 12 countries that most invested in Mozambique and in 12th place was Sweden, whose companies invested US$100,000.

The list of the biggest investors for the first quarter of 2009 does not include some countries that have always been amongst Mozambique’s top ten investors, such as the United States.

In 2008, China jumped from the sixth place it took in 2007, to second place following investments of US$76.8 million.

A source from the CPI told Macauhub that the institute was analysing investment proposals from around 20 Chinese companies put forward this year.

In the first quarter of 2009 Mozambique hosted two seminars between Mozambican and Chinese businesspeople in Maputo.

China is a strategic partner for Mozambique and has mainly been involved in the construction sector.

Chinese company Anhui Foreign Economic Construction (AFEC), is refurbishing and modernising the main Mozambican airport, a project budgeted at US$75 million.

The new National Stadium is being built with aid from China and the project is also being implemented by a Chinese company. (macauhub)