Mozambique: World Bank to conduct Business Outreach Workshop
CPI predicts FDI drop in Mozambique this year
12:39 CAT | 19 Apr 2016
O País (File photo) / Lourenço Sambo
The Investment Promotion Centre (CPI) has warned of a significant decline in foreign direct investment (FDI) this year as a result of the plight the economies that invest in Mozambique are themselves facing.
Lourenço Sambo had already announced a fall in foreign direct investment of US$7 billion in 2014 to US$1.3 billion last year, mainly because of political tension and the decline in export product prices. Prospects this year are no better, as domestic issues are joined by crises in the economies with most investments in Mozambique.
“You have to look at the political environment in Brazil, the situation in South Africa – the BRIC economies who are investing in Mozambique. Brazil is the tenth-largest investor in Mozambique and South Africa is the fifth largest. I won’t mention Russia and India. In fact, it affects the economy,” said CPI’s director.
Source: O País
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