Portugal is biggest foreign investor in Mozambique from January to April

3 June 2010

Maputo, Mozambique, 3 June – Portugal was the biggest foreign direct investor in Mozambique in the period between January and April, 2010, with 10 projects expected to cost US$42 million, according to figures from the Centre for Investment Promotion (CPI).

According to daily newspaper O País, in April South Africa was the biggest investor with seven projects approved to the value of US$12 million, with Portugal in fourth place behind China and India.

The paper added that in the last four years South Africa had been the biggest foreign investor in Mozambique for three consecutive years, with Norway, with projects worth US$742 million, taking top spot in 2009.

CPI figures showed that in 21 private investment projects were approved in April, worth US$40.4 million, US$20.2 million of which from foreign investors.

The agriculture, agri-industrial and tourism sectors attracted most investment between January and April, with the agriculture and tourism sectors accounting for 41 percent of investments approved by the CPI in April.

The city and province of Maputo were the targets of most investments approved in April, accounting for around 60 percent of the US$40.4 million, after Cabo Delgado province had attracted most investment in the first quarter.

In its turn, Niassa province, which received no investment in the first three months of 2010, in April attracted one investment project worth US$11.2 million, which accounted for 13 percent of all the investment that was approved. (macauhub)