China is sixth largest investor in Mozambique

China became sixth largest foreign investor in Mozambique last year while the United States topped the list with $5-billion worth of investment, officials said on Monday.

Mozambique's Investment Promotion centre (CPI) said China invested $60-million in 11 projects in agriculture, aquaculture, public works and forestry.

Evaristo Cumbane, a senior official at the CPI, said this was China's biggest foreign investment in Mozambique so far from a $1-million investment in 2003.

China is the only country in the world to have built its own Investment Promotion Centre in Mozambique.

Hungry for natural resources to help feed its growing economy, China has looked to Africa for partnerships and has invested some $30 billion in the continent's oil and gas industries.