27/08/2012
Mozambique ‘one of the best’ countries to invest in Africa
Mozambique has the challenge of keeping the position by controlling inflation, currency and public deficit
MAPUTO (Xinhua) -- A study carried out by the international finance institute, Rand Merchant Bank (RMB), says Mozambique is the third most attractive country for foreign direct investment in Africa.
According to Lucas Chachine, administrator of the First National Bank (FNB), the second investment bank in Africa and member of the RMB group, the institution points out to inflation, currency and public deficit as indicators under control, Radio Mozambique reported on Saturday.
Chachine made this public in an economic conference held by his bank in the Mozambican capital Maputo, where he cited mega projects and investment applied in the sugar sector as other aspects that contribute to the position that Mozambique is attracting investments.
Mozambique has the challenge of keeping that position by controlling inflation, currency and public deficit which could make it the top world country for investments in the coming five years, Chachine said.
As for the cost of living, the study attributes 1.05 the variation of inflation registered in the prices of fuel in Mozambique, against 1.17 of Nigeria and 1.28 of Zambia.
