Image from Internet

As one of South Africa's five largest African trading partners, Mozambique has been one of the "fastest growing economies" on the African continent for the past 25 years. It outperforms regional and global growth averages, and its rich oil and gas reserves attract significant global investment.

Lourenço Sebastião Sambo, Director General of Mozambique's Investment and Export Promotion Agency (APIEX), says the nation recently hosted a senior South African delegation led by the Department of Trade and Industry. He says there are solid reasons for South African investors to invest in Mozambique.

The growing economy
Mozambique is anticipating investments in the energy sector (electricity) of over US$D10 billion in the coming 10 years as well as significant investment in the oil and gas sector (Anadarko LNG plant), graphite (various mining concessions have commenced), tourism sector – across the country, traversing the extensive coastline – and the agricultural sector.

Gas
Mozambique is Africa's third-largest holder of liquefied natural gas (LNG), with reserves of around 180 trillion cubic feet.

Mining
Mozambique has commercially important deposits of coal (high quality coking coal and thermal coal), ruby, graphite, iron ore, titanium, apatite, marble, bentonite, bauxite, kaolin, copper, gold, and tantalum. It also holds some of the world's largest untapped coal deposits.  

Tourism
The most recent World Economic Forum report on competitiveness called Mozambique one of the top ten tourist destinations that's expected to record greater growth in demand for leisure travel in the next decade.  

Tax credits
The Mozambican government not only launched investment incentives for agribusiness, but also opened many special economic zones and free industrial parks and developed incentives to attract investors.