Mozambique has approved in the first half of 2021 a total of investments worth 753 million dollars, highlighting the energy sector, announced the President of the Republic, Filipe Nyusi.

"With regard to investment and with reference to the first semester of the current year, projects to the tune of 753 million dollars were approved: the energy sector leads, with the greatest weight, followed by the industry, services, transport, and telecommunications sectors," he said.

The head of state was speaking this Monday in Ricathla, on the outskirts of Maputo, during the inauguration of the Maputo International Fair (FACIM), the country's largest business and enterprise sample, which will run until September 5, in virtual and in-person format, due to covid-19.

According to Nyusi, the numbers "indicate good levels of attractiveness of Mozambique as an investment destination, despite the obstacles raised by the pandemic.

They are also a sign of "diversity", due to what he considers to be "comparative advantages" that Mozambique has over other parts of the world.

The crisis caused by covid-19 had a clear reflection on Mozambican exports, which fell 23% in 2020 compared to the previous year, the President said.

Foreign sales are concentrated in five products "that make up 81% of total exports: aluminum bars and cables, mineral coal, electric energy, heavy sands, and natural gas," he said.

Lusa Agency