From All Africa
Mozambique is to receive $10 billion in investment over the next three years, expected to create 172,000 jobs, according to the government’s Investment Promotion Centre (CPI).
CPI Deputy Director Godinho Alves said 900 projects have already received approval for implementation over the period.
The daily newspaper Noticias reported Monday that foreign investment has stimulated economic development, with Mozambique being one of the world’s fastest-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.
Read more at allafrica.com