Business investment in Mozambique totals US$1.212 billion in first half

25 July 2014

Mozambique’s Centre for Investment Promotion (CPI) de approved 239 project in the first half of this year, worth a total of around US$1.212 billion, the organisation told Macauhub in Maputo.

Of the total investment, over US$618.9 million came from foreign investors and US$105.2 million from national investors and loans associated to both totalling US$488 million.

Compared to the first three month of the year, when the CPI approved projects in the total of US$782.9 million, investments in the second quarter fell by around 40 percent to US$429.2 million.

Compared to the same period of 2013, when over US$1.448 billion were invested, there was a drop of around US$1.236 million or 50.4 percent.

Energy was the sector that received most investment, around US$421 million, followed by Industry (US$228.5 million), Construction and Public Works (US$218.7 million), Tourism and Hotels (US$183.07 million), Transport and Communications (US$65.8 million), Services (US$61.6 million), Agriculture and Agro-industry (US$31.7 million), Banks and Insurance (US$1.1 million) and Aquaculture and Fishing (US$400,800).

Sofala province attracted the most investment, with US$517.3 million followed by the city of Maputo (US$256.4 million), Maputo province (US$132.5 million), Cabo Delgado (US$124.1 million), Tete (US$113.9 million), Manica (US$21.6 million), Gaza (US$15.6 million), Inhambane (US$15.4 million), Nampula (US$10.2 million), Zambézia (US$2.6 million) and Niassa (US$2.1 million). (macauhub/MZ)