Foreign investment in Mozambique since 2009 totals US$18 billion

21 March 2013

One thousand four hundred foreign direct investment (FDI) projects in Mozambique to the total value of US$18 billion have been approved since 2009 until now, the coordinator of Information Services at the Centre for Investment Promotion (CPI) said in New Delhi.

Of the total investment approved over the five years, with potential to create 200,000 jobs, Nuno Maposse told Mozambican newspaper Notícias, that US$4.9 billion were for projects registered in 2012.

“In 2012 we had over 365 projects approved and this year that figure is expected to be exceeded,” Maposse said, noting that projects that had been due for approval last year had been pushed into this year so that they could be analysed more closely.

The coordinator of the CPI’s Information and Marketing Services said these were large projects involving mining, agriculture and industry and that had to be approved by the Council of Ministers.

“They will be presented to the government this year and, if they are approved, will have a considerable impact on volume of investments,” Maposse also said on the sidelines of the 9th India-Africa summit meeting, held in the Indian capital. (macauhub)