City and province of Maputo receives most investment in Mozambique

9 February 2012

Maputo, Mozambique, 9 Feb – The city and province of Maputo are the regions of Mozambique that receive the most national and foreign investment, mainly focused on agriculture, industry, energy, tourism and construction, according to official figures.

Cited by daily newspaper Notícias the figures from Mozambique’s Centre for Investment Promotion (CPI) showed that the provinces of Sofala and Tete were also on the list of the areas to receive the most investment.

The director-general of the CPI, Godinho Alves said that the concentration of investment in regions such as the city of Maputo could be explained by the convergence of infrastructures and specialised human resources in the area, which is not an ideal situation for a country like Mozambique.

In order to change this situation, Alves said, the government ahs sought out projects that can be channelled to other areas of the country, using strategies such as tax and customs incentives for investors.

In an interview on Mozambican television, Alves said that the agricultural sector had received the most investment followed by the energy, industrial, tourism and construction sectors.

He added that in the last five years 2009 had been the year with greatest investment, totalling around US$5.7 billion.

In 2009 the CPI stopped licensing mining sector projects, which since then have been the responsibility of the Natural Resources Ministry.

The CPI is a state institution charged with promoting Mozambique as an investment destination, assisting partners with approved development projects and supervising compliance with incentives that the Government provides to investors. (macauhub)