Mozambique Centre for Investment Promotion receives 149 projects in first half of year

10 November 2009

Maputo, Mozambique, 10 Nov – Mozambique’s Centre for Investment Promotion (CPI) received proposals for 149 projects in the first six months of this year with a total value of US$ 1.1 billion, a source in the organization told macauhub.

Most investment projects were in the sectors of agriculture and agro-industry and the largest forestry ventures are in the provinces of Sofala and Niassa. The Sofala forestry project is being developed over 74,000 hectares in the Muanza district and valued at US$ 100 million. The Niassa project is worth US$ 49 million and extends over 4,000 hectares.

The CPI has also approved a jatropha production project in Sofala province in an area of 25,000 hectares in the district of Buzi and budgeted at US$ 30 million. A US$ 19 million sugar cane venture has been approved in the same district by the CPI.

Of note in the energy sector is a project to build a gas-fired power station valued at US$ 157 million. (macauhub)