Investments in Cabo Delgado, Mozambique total US$130 million in 1st half

17 July 2014

Investments in Mozambique’s Cabo Delgado province totalled around US$130 million in the first half of this year, as a result of 23 approved projects in the tourism, services, construction, agriculture and industrial sectors, according to the province’s Centre for Investment Promotion (CPI).

According to the Cabo Delgado CPI delegate, Vitória Paulo, investment in the first six months of this year was almost three times that of the same period of 2013 or US$46 million in 15 projects that created 526 jobs compared to 978 jobs created in the first half of this year.

Paulo said that the projects approved in the first half of the year were located in the districts of Palma, Ancuabe, Metuge, Mecufi and in the city of Pemba, the provincial capital, and that the tourism sector attracted the biggest number of projects, eight, followed by services (six), construction and industry (four each) and agriculture (one).(macauhub/MZ)