Mozambique receives US$1.3129 billion in investments in third quarter

21 October 2014

The Mozambican Centre for Investment Promotion (CPI) authorised 137 projects in the third quarter of the year, amounting to investment of US$1.3129 billion, with national investors outpacing foreign investors, according to CPI figures sent to Macauhub in Maputo.

With total investment of US$575.2 million, Mozambican investors overtook foreign investors, which invested a total of US$533.2 million in the period.

Leading the list of international investors was South Africa, with US$317.5 million , representing 53.5 percent of total foreign direct investment, followed by Mauritius (US$76.8 million), Portugal (US$46.4 million), Macau (US$27 million) and China (US$20.6 million).

Along with these countries, the United Arab Emirates (US$13.5 million), Tanzania (US$5.6 million), Malawi (US$5 million), France (US$4.2 million) and South Korea (US$2.99 million) make up the list of the 10 biggest investors, of a total of 23, which include Brazil and Angola, both with investments of US$100,000.

By sector, ​Agriculture and Agro-industry attracted the most investment, with US$483.3 million, followed by Tourism and Hospitality (US$408.6 million), services (US$316.9 million), Construction and Public Works (US$51.2 million), Transport and Communications (US$25.5 million), Industry (US$24.1 million) and Aquaculture and Fisheries (US$3 million).

The Tourism and Hospitality sector received the largest volume of investment originating in Mozambique, around US$326.3 million, while the Agriculture and Agro-industry sector received the most foreign investment, of US$319 million in total.

By geographical area, Cabo Delgado province (north), where there are large development projects in oil and gas exploration, received the largest volume of investment (US$938.1 million), followed by Maputo City (US$265.6 million), Tete (US$43.6 million), Gaza (US$19.7 million), Maputo province (US$14.7 million), Sofala (US$13 million), Nampula (US$7.8 million), Zambezia (US$5 million), Inhambane (US$3.7 million) and Manica (US$1.3 million), with no record of investments focused on Niassa province.

In the first nine months of the year, the CPI recorded total investments in the order of US$2.524 billion, with South Africa leading the list of investing countries (US$364.5 million dollars), followed by Portugal (US$295.2 million) and Mauritius (US$159 million). (macauhub/MZ)