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Mozambique: Direct investment of Portugal steps back – investment agency
7:31 CAT | 29 Nov 2018
Image: Lusa
The flow of direct investment from Portugal in Mozambique fell in the first nine months of this year, compared to the same period in 2017, according to the investment agency AICEP Portugal Global.
Between January and September of this year, the indicator of Portugal Foreign Direct Investment, in this case, in Mozambique, recorded a negative figure: -€24 million. That is, there was a return in investment of that amount, from Mozambique to Portugal, a source from the agency told Lusa.
The figure contrasts with the indicator positive of €46.1 million registered between January and September 2017, which reflected investments and flows from Portugal to Mozambique, the source added.
The information disclosed by the agency, consulted on Thursday by Lusa, is based on data from Banco de Portugal and points to a 152% retraction.
After being contacted by Lusa, neither the central bank nor the agency explained the figure of the direct investment in Mozambique.
Despite the negative indicator in the first three quarters of this year, the direct investment stock from Portugal in Mozambique is €981.9 million, that is, it remains 2.1% higher than in 2017.
Source: Lusa
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