Mozambique’s Investment Promotion Centre approves investments of US$4.2 billion in 2013

26 February 2014

Mozambique’s Centre for Investment Promotion (CPI) in 2013 approved 515 investment projects worth US$4.2 billion, the centre’s director, Lourenço Sambo announced recently.

Most of the investments, around US$2.2 billion, were based on loans or supplies, Sambo said adding that the provinces of Maputo, Inhambane and Gaza were, respectively, were the most interesting areas for investors.

Summing up the last three years of the CPI’s activities, Sambo said that the organisation had approved projects worth around US$10 billion, with the potential to create 75,000 jobs.

Figures from the International Monetary Fund (IMF) showed that the Mozambican economy had seen “robust growth” of 7.1 percent in 2013 and was currently the world’s 116th largest economy, out of 183 evaluated by the IMF, and has an estimated gross domestic product (GDP) of US$14.6 billion. (macauhub)