China the top investor in Mozambique in 1st half-year

10 August 2016

China was the top investor in Mozambique in the first half-year with US$154 million, nearly 60 percent of total foreign direct investment, indicate figures from the Investment Promotion Centre (CPI).

Far behind were next-ranked South Africa (US$45 million), Mauritius (US$29 million), the United Kingdom (US$22 million – 20 million euros) and Portugal (US$14 million).

The other countries on the list of top ten investors are Turkey, Italy, India, Spain and the United States.

According to the CPI, direct investment approved by Mozambique in the first half-year amounted to US$478 million.

Of that amount, US$304 million were foreign direct investment, US$52 million national direct investment and US$122 million in loans from subsidiaries and other loans.

The same figures show that all kinds of investment fell sharply, with foreign investment down 54 percent and national investment down 56 percent.

Almost 80 percent of foreign investment approved by the CPI is concentrated in the construction and public works, industry, agriculture and agro-industry sector. More than half (55 percent) is for the provinces of Maputo and Maputo City, followed by 21 percent for Sofala province. (Macauhub/CN/MZ/PT)