Eligibility criteria for Portuguese-Mozambican fund Investimoz published in Maputo

12 December 2011

Maputo, Mozambique, 12 Dec – The sectors that create jobs and contribute to skills transfer to Mozambican staff can now have access to funds from Investimoz, a Portuguese-Mozambican financial instrument, the chairman of Portuguese development support society, Sofid, said.

Investimoz was set up by the Mozambican Confederation of Economic Associations, AICEP Portugal Global, Sofid – Sociedade para o Financiamento do Desenvolvimento, Instituição Financeira de Crédito (Financial Credit Institution) and the Portugal-Mozambique Chamber of Commerce, in partnership with the governments of Portugal and Mozambique.

The chairman of the Executive Commission of Sofid, Diogo de Araújo, said that Investimoz had 94 million euros to support investments made by Portuguese and Portuguese-Mozambican companies and noting eligibility criteria said that speculative sectors, such as real estate for short term sale, were not eligible.

The initiative will involve around 150 businesspeople operating in sectors such as energy, including renewables, infrastructure, including construction and social housing, the agricultural sector (agri-business and livestock), industry, tourism and transport, amongst others. (macauhub)