Mozambique approves investments worth US$782.9 million in first quarter

4 June 2014

Mozambique’s Center for Investment promotion (CPI) approved 125 investment projects in the first quarter of 2014, worth a total of US$782.9 million, of which US$359.07 million came from foreign investors.

Figures from the CPI sent to Macauhub in Maputo showed that, in the same period, national investment totaled US$72.04 million, with loans and shareholder loans accounting for US$351.8 million of the total calculated figure.

Portugal, which invested US$204.2 million in 2+43 projects, was the country that invested most in Mozambique in the first three months of the year followed by Mauritius (US$46.7 million), South Africa (US$36.1 million), China (US$21.4 million), Byelorussia (US$12.05 million), Singapore (US$7.2 million), Kuwait (US$6.6 million), India (US$4.9 million), United Kingdom (US$3.5 million) and the United Arab Emirates (US$3.3 million).

Of the 125 approved projects, 108 had foreign investment from 28 different countries, according to the CPI, which said that the Energy sector received most of the investment, or around US$421 million, which was exclusively channelled into construction of the Buzi Thermoelectric Power Plant, in the coastal province of Sofala.

Industry was the second biggest sector for investment, with 28 projects in the period worth US$138.2 million, followed by Construction and Public Works (US$91.7 million), Services (US$66.7 million), Tourism and Hotels (US$41.1 million), Transport and Communications (US$12.3 million), and Agriculture and Agro-industry (US$11.6 million).

In terms of investment per province, Sofala took the top spot with US$474.05 million, ahead of the city of Maputo (US$110 million), Tete (US$102.1 million), Maputo province (US$39.6 million), Cabo Delgado (US$21.9 million), Inhambane (US$13 million), Manica (US$12.1 million), Nampula (US$7 million), Zambézia (US$2.5 million) and Gaza (US$400,000). (macauhub/MZ/PT/CN)