Tourism investments in Mozambique had yearly average of US$ 600 million between 2005 and 2008

10 August 2009

Maputo, Mozambique, 10 Aug – Tourism projects approved in Mozambique from 2005 to 2008 were worth on average US$ 600 annually and peaked in 2007 at US 977 million, Tourism Minister Fernando Sumbana has said.

The minister told daily newspaper Noticias that the Maputo government aims to attract new and varied investment in the sector based on quality to promote sustainable tourism. Sumbana, giving Mozambique’s main cooperation partners a breakdown on tourism revenues and visitor numbers, said the latter had doubled from 711,000 in 2004 to 1.5 million in 2008.

Mozambique’s tourism industry is showing clear signs of growth and is an important foundation of the national economy, said the minister, noting recently introduced legislation in the sector and the setting up of bodies like the National Tourism Institute and the Agency for Development of the Elephant Coast (macauhub)