Investment boost for Mozambique tourism

Holidays to Mozambique are set to become a more accessible and enjoyable option as a result of an investment boost for the country's tourism industry.

The International Finance Corporation (IFC) and the government of Mozambique announced a new investment programme that is designed to support the sector, which is already in a phase of growth.

Some $1 billion (£506 million) will be channelled into the African nation's tourism industry and will lead to the transformation of four sites into world-class attractions.

The development locations, which will be used to create two resorts and two eco-tourism attractions, are situated along Mozambique's Indian Ocean coastline and are expected to create 25,000 direct and indirect jobs.

Fernando Sumbana Jr, Mozambique's minister of tourism, said: "This project is a great opportunity for large-scale tourism investments in one of Africa's most beautiful and unique destinations.

"Mozambique's resource base for tourism is exceptionally strong, and now is the time to transform this potential into opportunities by securing quality investments."

Babatunde Onitiri, IFC's country manager for Mozambique, said the corporation is now looking for developers that have a track record in emerging markets and subscribe to environmental operating policies.

2 by 2 Holidays are specialists in safaris, holidays and travel to South Africa, Botswana, Zambia, Namibia, Mozambique, and Mauritius. Click here for more information on holidays to Mozambique.

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