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Main Characteristics of the Investment Climate Mozambique

Main Characteristics of the Investment Climate Mozambique. Paris 03 OCT 2003. CPI offers a package of services and support to local and foreign investors who wish to invest in Mozambique. . www.mozbusiness.gov.mz. Facts & Figures. Population: 17.2 million Bordering 6 Countries

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Main Characteristics of the Investment Climate Mozambique

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  1. Main Characteristics of the Investment Climate Mozambique Paris 03 OCT 2003

  2. CPI offers a package of services and support to local and foreign investors who wish to invest in Mozambique. www.mozbusiness.gov.mz

  3. Facts & Figures • Population: 17.2 million • Bordering 6 Countries • Area: 799,380 Km2 • 2700 km of coast • Urbanisation Rate: 29% • Over 60 Rivers and Lakes • Official Language: Portuguese • English is Widely Spoken

  4. Foreign Trade*** Exports US$ 703 million Imports US$ 1 063 million ***) - INE 2002. Statistics, utilities and services

  5. Main Export Products Aluminium,Tobacco,Citrus,Coal,Electricity,Cashew nuts, prawns, lobsters, cotton and wood. Main Import Products Transport &electrical equipment, machinery,food products, petroleum products and cereals. Statistics, utilities and services

  6. Main Export Markets Spain, South Africa, USA, Japan, Portugal, Malawi,Zimbabwe,India, U.K. Main Import origins South Africa, Portugal, USA, Japan, India e France Statistics, utilities and services

  7. Macroeconomic Indicators Statistics, Utilities And Services

  8. Macroeconomic Indicators Statistics, Utilities And Services

  9. Economic growth in Africa was dismal in 2002 (at 3.2 %) • The best performers were Mozambique, Rwanda and Uganda, • whose economies grew by 12%, 9.9% and 6.2% respectively • Mozambique managed to attract $518m in FDI in 2001 • In the past decade, Mozambican incomes have nearly doubled.

  10. Known as the "gateway to Southern Africa” • Macro-economic stability and a political environment conducive to investment. • Massive rehabilitation programme of port and other infra-structural facilities • No exchange controls on the repatriation of profits • Ability to hold foreign currency accounts • Established Export Processing Zones • A large and dedicated labour force available at highly competitive rates

  11. DYNAMIC OF FDI

  12. DYNAMIC OF FDI

  13. DYNAMIC OF FDI

  14. The Mozambican Government welcomes FDI in the following industries Manufacturing Mineral Exploration and Processing Tourism Fishing and Aqua-culture Construction Forestry Investment Priorities

  15. Agriculture, Agribusiness & Livestock Industry, Forestry & Mining Manufacturing & Power Generation Oil & Gas Tourism & Hunting Transport & Communication Banking & Insurance Industrial Free Zones Investment opportunities

  16. The security and legal protection of property, rights and other assets; Unrestricted import and repayment of loan and equity investment capital; Repatriation of dividends, profits and capital; Liberalized banking and foreign exchange; Investment dispute resolution under ICC or ICSID arbitration Investment risk insurance under MIGA and OPIC facilities. Investment Guarantees

  17. Lichinga Salima LILONGWE Mandimba NACALA Cuamba Malema MOZAMBIQUE Nampula BLANTYRE Tete Nacala Development Corridor Nacala Free Port Tourism Agrobusiness Lilongwe-Nacala Railway Upgrade (~US$250 mn) Moma Mineral Sands (~US$100 mn)

  18. HOT IRON BRIQUETTED PLANT TOURISM PROJECTS CHROMITE BASED PROJECTS FORESTRY PROJECTS SUGAR PROJECTS PORT PROJECTS FERTILISER & EXPLOSIVES PLANT INDUSTRIAL PARKS BEIRADevelopment Corridor ENERGY PROJECTS INFRASTRUCTURE Road, Rail, Electrity, Pipelines, Telecoms ASSORTED MANUFACTURING PROJECTS GAS BASED CHEMICAL POSSIBILITIES (methanol Synfuel Plant diesel/petrol/waxes

  19. Angonia Chifunde ULONGUE Macanga Maravia FURANCUNGO Tsangano T E T E Cahora Bassa - 2 GW Zumba FINGOE TSANGANO CHIPERA Chiuta M A L A W I Peasant Agriculture SONGO PANDA UNCUA CHITIMA MPHENDA Magoe MOATIZE Mpanda Uncua 1.2 GW MILANGE Cahora Bassa TETE Lugela Moatize Milange LUGELA Sena Line rehabilitation: Beira-Moatize - 580 Km Inhamitanga-Marromeu-88 Km D. Ana -Vila Nova Fteira-44 Km Cost ~342 M US$ Changara Mutarara Mocuba LUENDA Pebane Maganja da Costa Tambara Guro Mutarara-1.2 GW Morrumbala CHEMBA MAGANJA DA COSTA Chemba MORRUMBALA Z A M B E Z I A PEBANE GURO NAMACURRA NANTE VILA DE SENA NICOADALA HARARE Caia Nicoadala CAIA Marigue Namacurra Mopeia QUELIMANE Mocassa Sena Sugar Barue M A N I C A Quelimane Forestry S O F A L A CATANDICA Inhassunge Chinde INHAMINGA Marromeu Gorongosa Cheringoma CHINDE GORONGOSA MUTARE Z I M B A B W E Manica Gondola MUANZA MANICA Muanza CHIMOIO Nhamatanda Dondo DONDO Sussundenga BEIRA Buzi Zambezi Valley SDI Moatize(~US$ 500 mn) Thermal Station (~US$ 1bn) Coke by rail to Beira Coal Terminal (Savane)

  20. Pande/Temane Dev. & pipeline ~US$ 1bn Kudu Gas-based investment projects Mossgas Natural Gas Pipeline BEIRA Field Dev., Power Station, Transmission ~US$ 2 bn Maputo (Mozal, MISP) Sishen Richards Bay Pipeline ~US$ 900 mn Durban Power Station, ~US$ 0.6-1.1 bn Cape Town

  21. GONAREZHOU NATIONAL PARK ZINAVE NATIONAL PARK BANHINE NATIONAL PARK LIMPOPO VALLEY Chibuto Corridor Sands USD 1 bl KRUGER NATIONAL PARK Limpopo SDI

  22. GONAREZHOU NATIONAL PARK ZINAVE NATIONAL PARK BANHINE NATIONAL PARK LIMPOPO VALLEY KRUGER NATIONAL PARK LIMPOPO PARK

  23. Treaties and Bilateral Agreements New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards Cotonou Agreement Investment Protection Conventions Alger, Denmark, Egypt, France, Germany, Nederlands, OPIC, Indonesia, Italy, Mauritius, People’s Republic of China,Cuba, Portugal, South Africa,Sweden, Switzerland, USA and Zimbabwe Double Taxation Treaties Portugal, Mauritius , Italy and United Arab Emirates Investment Guarantees

  24. General Benefits: Exemption from import duties on goods in customs tariff class “K”; Exemption on Stamp duty on company incorporation; 50% Reduction on the rate of real property transfer (SISA); Investment tax credit varying from 5% to 15% of total investment ; Deductible expenditure on advanced technology, professional training and construction of infrastructures of public utility; Accelerated depreciation; Investment Incentives

  25. Special Fiscal Benefits (Rapid Development Zones): Exemption from import duties on goods in customs tariff class “K” and “I”; Exemption on Stamp duty on company incorporation; Exemption from real property transfer (SISA); Investment tax credit varying from 20% of total investment ; Deductible expenditure on advanced technology, professional training and construction of infrastructures of public utility; Accelerated depreciation (2 times the normal rate); Investment Incentives

  26. Special Fiscal Benefits (Agriculture): Exemption from import duties on goods in customs tariff class “K”; Exemption on Stamp duty on company incorporation; 50% Reduction on the rate of real property transfer (SISA); 80% reduction in corporate tax; Deductible expenditure on advanced technology, professional training and construction of infrastructures of public utility; Accelerated depreciation (2 times of normal rate); Investment Incentives

  27. Special Fiscal Benefits (Hotel and Tourism): Exemption from import duties on goods in customs tariff class “K”; Exemption on Stamp duty on company incorporation; 50% Reduction on the rate of real property transfer (SISA); Investment tax credit varying from 8% to 18% of total investment ; Deductible expenditure on advanced technology, professional training and construction of infrastructures of public utility; Accelerated depreciation (3 times normal rate); Investment Incentives

  28. Special Fiscal Benefits (Large Scale projects-over US$ 500million): Exemption from import duties on goods in customs tariff class “K”; Exemption on Stamp duty on company incorporation; 50% Reduction on the rate of real property transfer (SISA); Investment tax credit varying from 5% to 30% of total investment ; Deductible expenditure on advanced technology, professional training and construction of infrastructures of public utility; Accelerated depreciation (2 times normal rate); Investment Incentives

  29. Special Fiscal Benefits (Industrial Free Zones): Exemption from import duties, Value Added Tax, and Specific Consumption Tax on all construction material, machinery equipment and goods for the project; Exemption on Stamp duty on company incorporation; Exemption on real property transfer (SISA); 60% reduction on income tax To qualify the company should export a minimum of 85% and create jobs for Mozambican nationals Investment Incentives

  30. The Investment Promotion Centre - CPI, has the mandate to: promote and facilitate national and foreign investment in Mozambique; operates as a “one stop-shop”; receive and registration of investment project proposals; facilitate the concession of fiscal and customs incentives; identify potential partners for joint-ventures; identify and disseminate investment opportunities ; provide institutional assistance to investors in the implementation and exploration of investment projects. Investment Promotion Centre

  31. www.mozbusiness.gov.mz

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