Tourism investment in Inhambane, Mozambique, totals US$260 million over four years

14 July 2009

Maputo, Mozambique, 14 July – Inhambane province in southern Mozambique over the last four years has benefited from investment of US$260.3 million in direct private investment in the tourism sector, Mozambican newspaper Notícias reported.

The paper added that the investment carried out made it possible to increase the number of accommodation units from 270 in 2004 to 431 in 2008, with a further 56 hotel units due to open in the province this year.

The governor of the province, Itae Meque, said that the province had seen growth of around 11 percent as a result of the contribution of the private sector and specific contribution of the Budget for Local Initiative Investment (OIIL).

As part of investments made in local initiatives, the governor said that over 448 million meticals had been invested in 2414 projects which had created 25,000 jobs. (macauhub)