/ 29 January 1999

OVER $550m INVESTMENT IN MOZ

SOME 120 projects worth over $561,3-million were committed to Maputo province in Mozambique during 1998, the Mozambique’s Centre for Investment Promotion said on Thursday. The centre said that South Africa is the largest single direct investor into Mozambique, accounting for 180 projects worth $762,3-million. Portugal is the second largest foreign investor, with 225 projects worth $169,5-million. Key investment areas are the agri-processing, fisheries, communications, mineral and transport industries.