Investment in Mozambique to create 172,000 jobs over three years

Mozambique is to receive ten billion US dollars in investment over the next three years, creating 172,000 jobs, according to the government’s Investment Promotion Centre (CPI).

CPI Deputy Director Godinho Alves explained that 900 projects have already received approval for implementation over the period.

The daily newspaper “Noticias” reported on Monday that foreign investment has stimulated economic development, with Mozambique being one of the world’s fasted growing economies.

Despite these positive developments, the Maputo Corridor Logistics Initiative (MCLI) has warned that investors continue to be concerned about minimising risk and maximising returns. This is because the country has a history of some projects not reaching their promised potential.

Both the CPI and MCLI will be attending the Mozambique Investment Summit that is taking place in London in November.

The four day event is being staged so that Mozambican companies seeking investment and finance can meet with international investors.

The keynote speaker will be Minister of Energy Salvador Namburete. Other speakers include the chief executive officer of Maputo Port, Osario Lucas, and the executive director of the National Investment Bank (BNI), Tomas Matola.

In addition, David Ledesma, Senior Research Fellow at the Oxford Institute for Energy Studies will give an evaluation of the competitiveness of Mozambique’s gas in the global market.

Several major companies will also be speaking about their experiences, including Baobab Resources, Sasol and Jindal.

Post published in: Africa News

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