The total value of investment projects approved in Mozambique fell 74.5 percent year-on-year in 2015 to US$1.7 billion, Portuguese news agency Lusa reported.
According to data compiled by Lusa from the African nation’s Centre for Investment Promotion (CPI, in the Portuguese acronym) foreign direct investment in Mozambique fell by 60 percent year-on-year in 2015 to US$991 million.
China was the second-largest foreign investor in the country in 2015, after Spain, said Lusa, citing the CPI’s data.
In 2015, the Mozambique economy grew 6.1 percent year-on-year. Last year’s economic growth was 1.1 percentage points lower than the annual expansion posted in 2014, the news agency said.
