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  • News
    • All
    • Crops
    • Diary
    • Fresh Produce
    • Game & Wildlife
    • Livestock
    World Bank alleviates post-cyclone crisis

    New World Bank Group Strategy for Mozambique: Greener, Resilient, and Inclusive Development

    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    SADC, WFP commit to strengthening early warning systems to improve food and nutrition security and end hunger

    ACCELERATION OF THE AFRICAN CONTINENTAL FREE TRADE AREA IMPLEMENTATION: Mozambique, SA sign collaborative agreement

    Agrilevante to exhibit robotics for agriculture

    Agrilevante to exhibit robotics for agriculture

  • Africa
    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    Agrilevante to exhibit robotics for agriculture

    Agrilevante to exhibit robotics for agriculture

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    Diversified urban agriculture can help cities address the twin challenges of food security and climate change-Researcher

    AfDB commits $10 billion to fight food insecurity

    AfDB commits $10 billion to fight food insecurity

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s new agriculture pledge on the cards

    Africa’s new agriculture pledge on the cards

  • Company
    Norway pledges to build resilience of small aquaculture farmers in East and Southern Africa

    Norway pledges to build resilience of small aquaculture farmers in East and Southern Africa

    Tropical Cyclone Ana: WFP ready to provide food and logistics support for rescue and relief operations

    Tropical Cyclone Ana: WFP ready to provide food and logistics support for rescue and relief operations

    Mozambique authorities seek to combat biodiversity devastation by clamping on illicit fishing

    Mozambique authorities seek to combat biodiversity devastation by clamping on illicit fishing

    World Bank, UN launch programme to help Mozambique improve forestry management

    World Bank, UN launch programme to help Mozambique improve forestry management

    Basis of the Nampula economy calls for a re-orientation of efforts towards the most profitable cash crops, Says Nyusi

    Basis of the Nampula economy calls for a re-orientation of efforts towards the most profitable cash crops, Says Nyusi

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    UN announces US$1.2mln animal health programme for Mozambique

  • International
    Australia’s Leading Global Producer of blueberries to Participate at Macfrut 2023

    Australia’s Leading Global Producer of blueberries to Participate at Macfrut 2023

    Macfrut 2023,Turkey to participate in International Blueberry Days

    Macfrut 2023,Turkey to participate in International Blueberry Days

    First Special Agriculture Industrial Zone launched in Mozambique

    EIMA 2022: Unlocking the growth potential of Africa’s Agribusiness

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

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    Italian industry Growing Turnover despite the Economic Situation

    EIMA International 2022, a Global Event Returns

    EIMA International 2022, a Global Event Returns

  • Markets
    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    Africa’s local ownership drive must balance foreign investment

    President Nyusi reminds investors of the agricultural opportunities available in Mocuba District

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Govt’s initiative to boost cotton and cashew income

    Govt’s initiative to boost cotton and cashew income

  • Equipment
    Agrilevante to exhibit robotics for agriculture

    Agrilevante to exhibit robotics for agriculture

    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    AWARD targets to improve African smallholders’ livelihoods

    AWARD targets to improve African smallholders’ livelihoods

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    African women playing a critical role in local economic development

    Lusophone countries benefit from Africa Investment Forum

    President Nyusi excited about the prospects the new vegetable oil factory brings

    President Nyusi excited about the prospects the new vegetable oil factory brings

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Agriculture lure investment to Nampula

Ian by Ian
July 10, 2018
in Business, News
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Agriculture lure investment to Nampula
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Nampula received more direct investment between 2006 and 2015, Lourenço Sambo, Director General of the Agency for Investment Promotion and Exports (APIEX) has revealed

The statistics indicate that agriculture and agri-business were the second sector that received more money, of the US$40 billion foreign private investment.

This was revealed during a lecture entitled: ‘Tax Benefits on Investment Scope of Direct Foreign and National’, which, Lourenço Sambo gave the Mozambique Tax Authority to demystify the perception that Maputo and Tete are the provinces that have received more investments in our country.

“Nampula in the past decade is over because of the special economic zone, then we also have Tete there are coal mines” revealed the director of APIEX adding that the 40.8 billion US dollars of investment 10.8 billion they were the so-called Northern capital, followed by Tete with 7.3 billion.

The city and province of Maputo together received 10.3 billion dollars of investments between 2006 and 2015.

However, the current challenge is to reverse the decline of investments held since 2014.

Sambo argues that the current challenge, given the reduction in investment that is happening since 2014 “is effectively reverse the pyramid, the focus may not be gas or coal has to be agriculture, must be the infrastructure has to be looking at what can make a difference, for example energy, we have a huge potential.”

“We have a strategy to promote private investment in Mozambique, lasted three years and now we are doing something which has five pillars and one of them is to improve the business environment,” he added.

From the perspective of the director of APIEX, “the business environment is not a problem of the government, is a societal problem, is a problem of the Mozambican economy, is a problem of entrepreneurs, employees, unions, families, all of us to better the business environment needs political pragmatism and look at the case of Rwanda, it is to say that I do not want this to happen and not happen.”

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