Mozambican government approves investments of around US$3 billion

8 November 2012

The Mozambican Centre for Investment Promotion (CPI) and the Office for Accelerated Economic Development Zones (GAZEDA) have so far approved foreign investments worth US$2.7 billion, officials said in Maputo.

The three sectors with the largest number of approved projects are industry, with 71, retail and service, with 58 projects, and hotels and tourism, with 48 projects.

This year, 264 investment projects were approved, of around 300 submitted to the CPI and GAZEDA, according to official information.

The approved investments are expected to create 21,000 jobs. (macauhub)