Portugal was the third largest investor in Mozambique in first quarter

16 July 2015

Portugal was the third largest foreign investor in Mozambique in the first quarter of 2015, remaining as one of the countries that invests most in the Mozambican economy, according to figures from Mozambique’s Investment Promotion Centre.

These figures showed that in the first three months of the year Portugal had approved 22 projects worth US$55.9 million, after ending 2014 in fourth place with US$336 million, almost double the US$171 million recorded in 2013.

Despite the number of approved projects falling from 168 to 98, in 2014 Portugal had its biggest year since 2009, according to figures from the Agency for Investment and Foreign Trade of Portugal (AICEP) and the Embassy of Portugal in Mozambique cited by Portuguese news agency Lusa.

According to the latest figures from the CPI, in the first quarter of this year,most Portuguese investment (45.5 percent) was applied in the industrial sector, followed by services (30 percent) and insurance (14.5 percent) , and concentrated in the South, in the provinces of Maputo and the city of Maputo.

The list for the first quarter, totalling US$500 million is led by Spain and China, although together they account for only eight projects, compared to 22 for Portugal, which remains the main foreign job creator, with 28 jobs per US$1 million invested versus an average of 13 for all other countries. (macauhub/MZ/PT)