- China has been ranked the sixth foreign investor in Mozambique in 2007, investing US $60 million, Mozambique's Investment Promotion Centre (CPI) revealed.
This has been the Asian economic giant's single biggest foreign direct investment in Mozambique in recent years.
"In 2003 China was in ninth place with just over US $1 million," 'Africa Press Agency' quoted Evaristo Cumbane of CPI as saying.
Investing more than US $5 trillion dollars, the United States has become Mozambique's major investor last year followed by Switzerland that invested US $170 million. Other countries are Mauritius [US $151 million], the United Kingdom [US $91 million], South Africa [US $79 million] and Portugal [US $54 million].
The CPI analysed 36 countries, Belgium ranked bottom on the ladder with a single project investment of US $37,000.
With 11 projects, China ranked behind South Africa that has the biggest number of invested projects [69]. Chinese investments have been mainly concentrated on agriculture, public works and forestry.
It is so far the only country that had built its own investment promotion centre in Mozambique.
China, which has built the Joaquim Chissano Conference Centre, has been working hard to improve the water supply in the capital Maputo as well as build a football stadium in its outskirts. The stadium project cost US $57 million.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
front page
| news
| countries
| archive
| currencies
| news alerts login
| about afrol News
| contact
| advertise
| español