Brazil the biggest foreign investor in Mozambique

9 November 2012

Brazil was the biggest foreign investor in Mozambique in the first nine months of the year, with investment projects amounting to over 605 million euros, indicates a study by the Ministry of Planning and Development.

The significant Brazilian investment was influenced by the Vale mining group’s participation in the Nacala Integrated Logistics Corridor, budgeted at US$773 million.

Portugal, with about 121 million euros, ranked as the second biggest foreign investor in Mozambique.

The third-ranked foreign investor in Mozambique was South Africa, with investment projects worth 79 million euros.

The Mozambican government approved 264 internal and external investment projects from January to October of this year, budgeted at more than 2.1 billion euros. (macauhub)