Mozambique expects decline in foreign direct investment in 2016

20 April 2016

The Director of the Mozambique Investment Promotion Centre (CPI), Lourenço Sambo, has warned that in 2016 there may be a drop in foreign direct investment (FDI) as a result of the economic difficulties of the countries that invest in Mozambique, daily newspaper O País reported.

Sambo recently revealed that foreign direct investment in Mozambique in 2015 was around US$1.3 billion, a significant drop compared to the US$7 billion registered in 2014.

The director of the CPI said that in addition to the internal affairs of Mozambique which reduced investment, the international scenario was decisive for the amounts invested.

“We have to look at the political environment in Brazil, the situation in South Africa (Brazil is the tenth largest investor in Mozambique and South Africa the fifth) not to mention Russia and India. All this affects the economy,” he said. (macauhub/MZ)