Portuguese financial company has funds to support investments in Mozambique

24 July 2014

Portuguese development financing company Sociedade para o Financiamento do Desenvolvimento (Sofid) announced it had 94.9 million euros to support Portuguese companies interested in investing in Mozambique, Sofid said.

In Mozambique Sofid supports Portuguese economic agents to invest mainly in trade, services, industry, energy and infrastructure.

In 2013 Sofid funded 11 projects in Mozambique representing investment of 16.94 million euros in the provinces of Maputo and Nampula.

Sofid was founded in 2007 and is intended to contribute to the economic growth of emerging and developing economies, working alongside the Portuguese state’s strategy on economy, cooperation and public aid to development.

Sofid’s shareholders are the Portuguese state with 59.99 percent, banks Banco Comercial Português, Banco Espírito Santo, BPI and Caixa Geral de Depósitos, with 10 percent each and the Elos association with a share of 0.01 percent. (macauhub/PT/MZ)