Portugal becomes FDI leader in Mozambique in 1st half

18 September 2012

Portugal was the country whose companies invested most in Mozambique in the first half of this year with a total of 5 projects and one joint investment of US$116 million, according to figures from the Centre for Investment Promotion (CPI) to which Macauhub had access in Maputo.

In second and third places were South Africa and Mauritius, which respectively invested US$56 million and US$30 million, and China was ranked fourth with seven investment projects jointly valued at US$24 million.

The CPI’s figures, which analysed 28 countries, showed that Italy, for example, with direct investments of US$2 million, was placed 10th in the list, which ended with the Netherlands, whose companies invested US$50,000 in Mozambique in the period.

In the first half of the year foreign direct investment totalled US$293 million, of which US$76 million was earmarked for industry, US$63 million for services, US$35 million for tourism and hotels, and US$67 million for banking and insurance.

The city of Maputo absorbed around US$107 million, followed by Tete province with US$79 million, and Maputo province, excluding the capital, attracted US$37 million in investment.

Mozambique is the 14th of a group of 15 African countries with the largest number of FDI projects between 2003 and 2011, according to a study from the Ernst & Young consultancy published in May 2012. (macauhub)