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)