Mozambique approves investments of over US$2.7 billion between January and September

6 November 2012

The Mozambican Centre for Investment Promotion (CPI) approved 264 projects between January and September of this year, representing a total estimated investment of US$2.7 billion, according to figures from the Mozambican Ministry for Planning and Development.

Of the total authorised investment, around US$1.1 billion was foreign direct investment from 28 countries including Brazil, Portugal and South Africa.

National direct investment totalled around US$443 million. The remaining US$1.1 billion was related to loans and aid.

Approved investments, which will create 21,000 jobs, will be distributed across the south, centre and north of the country. The south will be the location of 176 projects, whilst the centre and north will each receive 44 projects.

The biggest slice of both national and foreign investment is focused on construction and public works. (macauhub)