Investment Opportunities in Mozambique
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I. Location
Mozambique is located in the Southern Africa Region, with a total area of 799 380 Km2 which includes 6000 000 ha arable land and 3866 368 ha of cultivated land. Its population is estimated in 18 millions, among those 80% live in countryside and 20% in urban areas.
II. General Information
• Political Independence- 1975
• Multiparty System;
• Democratic Government (FRELIMO) elected in December 2004;
• Official Language- Portuguese;
• English is widely spoken
III. Economic Overview
• GDP 133, 510- 2004,
• GDP per capita (USD)-313
• Average Exchange Rate- 22, 501
• GDP Volume Rate of Growth- 7.5%
• Inflation Rate- 9.1 %
IV. External Trade
IV.1. Main Exports
• Aluminium (one of Africa biggest aluminum producers with an investment of 1.2 billions USD)
• Natural Gas Condensate;
• Prawns;
• Cashew (nuts, kernel);
• Electricity;
• Timber;
• Sugar;
• Cotton; and
• Lobsters.
• From 2010- mineral and coal.
IV.2. Main Imports (among others)
• Alumina;
• Transportation Equipment;
• Industrial Equipment;
• Vegetables;
• Oil;
• Cereals.
V. Main Ports
• Maputo Corridor (South Africa, Swaziland and Zimbabwe);
• Beira Corridor (Zimbabwe, Zambia and Malawi); and
• Nacala corridor (Malawi).
VI. Legislation on Investment
The Mozambican Legislation on Investment, among others, comprises:
VI.1. Export Processing Zones with main requirements:
• Export of 85%
• Employ at least 20 mozambicans.
• Import of Goods- duty free
• Reduction of 60% on corporate tax
• Expatriate workers- 15% of total.
More details are available at the website: www.cpi.co.mz/www.mozbusiness.gov.mz/www.beluzone.com
VII. Land
• Under the Mozambican Law, land belongs to the state and may not be sold, mortgaged and pledged;
• Maximum, length of concession is 50 years, renewable for further 50 years.
VIII. Investment opportunities
• Infrastructure Development
• Building Material
• Tourism
• Agriculture (cotton, rice, sugar, cashew nuts,
• Transport
• Mineral resources
• Industry (textile, plastics products, printing)
VIII.1. Mineral Resources
VIII. 1.2. Mining Legislation
VIII.1.3. Mineral Titles under Law 014/2002
• Reconnaissance License, valid maximum of two years;
• Exploration License, with maximum duration of five years and renewable for a maximum of 10 years (with exclusivity);
• Mining Concession, with a maximum duration of twenty five years (25) and renewable for maximum of 25 years;
• Mining Certificate, with a duration of two years;
• Mining Pass granted for a term of twelve months and renewed for the same period.
VIII.4. Mining Activities
VIII.4.1.Currently Production
• Marbles, bauxite, gemstones, coal, tantalite, bentonite, limestone, construction materials, ornamental rocks, and mineral water.
• Small scale and artesanal mining (gold and gemstones).
VIII.4.2. New Mining Projects under implementation
• Heavy Minerals Sands
• Moatize Coal Project with reserves 2.4. Billions tones;
• Natural Gas with proved condensates reserves estimated on 1 468 198.6 (it important to note that there's a great demand of foreign investor interested in implementing new projects in Mozambique based on natural gas (iron reduction, fertilizers, electricity etc). the supply of gas to the domestic market is expected to be extended to the areas in the vicinity of the pipeline.
• Natural gas will play a key role in the energy market in Southern Africa.
IX. OIL& Gas
Oil & Gas are under exploration, and the international tender closed in January 2006. 4 Companies invited for negotiations.
X. Why should you invest in Mozambique?
• Stable economic, political and social environment stability combined with structural reforms;
• Infrastructure under massive improvement;
• Availability of natural resources such as water, natural gas, coal, electricity;
• Access to land;
• Preferential access to international markets (SADC, AGOA); Availability of work force easily trainable;
• Government continues efforts for transparency and facilitation of procedures for investment; and
• Favorable legal, regulatory and fiscal framework.
Beijing, April 2006
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