FOREIGN investment in Mozambique in 1998 totalled $770-million, with most of the money going to the industrial, agro-industrial and tourism sectors, state radio said on Wednesday. The Investment Promotion Centre received 300 project applications, of which 190 have been implemented. South Africa and Portugal lead foreign investment in Mozambique, Radio Mozambique said.
HIGH AND DRY IN UGANDA
SOUTH African company Trans Africa Railway Corporation has been licensed to build an inland dry port in Uganda near kampala on the Kampala-Mombasa highway, Business Day reports. The corporation is 48%-owned by the SA Infrastructure Fund, with parastatal Spoornet and the East Africa Coast Corporation also owning stakes.