Mozambique approves 180 investment projects in the first half of 2019

7 August 2019

The government of Mozambique in the first half of the year approved 180 investment projects to be implemented in the country’s Special Economic Zones, said the director-general of the Agency for Investment and Export Promotion (Apiex).

Lourenço Sambo, quoted by Mozambican daily newspaper Notícias, also said that of the 180 projects 99 are operational, and another 66 are being implemented in the Nacala Special Economic Zone, in the northern province of Nampula.

The newspaper gave no details of the status of the remaining 24 investment projects that were approved in the first half of 2019.

Apiex’s director-general said the government was aware that the Special Economic Zones are the backbone of the country’s economy, “so efforts are being made to ensure that initiatives are in place in those areas.”

Sambo, while acknowledging that Mozambique’s economy is going through an atypical period due to the financial crisis, said he believes that the situation will not affect the functioning of those areas. (Macauhub)