IFC-supported Tourism Project in Mozambique to Create Jobs, Conserve Environment

Maputo, Mozambique — Mozambique is seeking investors for the IFC-supported Maputo Elephant Reserve, a potential tourism site that could create jobs and opportunities for the local community, while supporting environmental conservation.

The government today called for expressions of interest on three new investment opportunities within the Maputo Elephant Reserve. Starting December 8, potential investors can submit proposals to develop and operate tourist infrastructure that will promote community development on the reserve. All bids will be subjected to an environmental impact assessment.

The Maputo Elephant Reserve is a protected coastal area featuring grassland, freshwater lakes, and more than 300 elephants. The development of ecotourism facilities within the reserve will generate investment, create jobs, spur growth in tourism, develop supply chains, promote entrepreneurship, and create opportunities for the local community.

Fernando Sumbana Jr., Mozambique’s Tourism Minister, said, “Three exclusive investment opportunities within one of Mozambique’s most attractive and accessible protected areas are now on the market. I invite interested investors to register with the Ministry of Tourism.”

This project is part of the Mozambique Tourism Anchor Investment Program, a joint initiative of IFC, the World Bank Group’s Investment Climate Advisory Service, and Mozambique’s Ministry of Tourism. The program has secured four strategic tourism sites along the country’s Indian Ocean coastline. The Maputo Elephant Reserve is the first to be brought to market.

Irene Visser, IFC Tourism Program Manager, said, “Attracting more investments in tourism will help support the development and preservation of protected areas, provide positive international exposure for Mozambique, and drive the country’s growing economy.”

About IFC
IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. We foster sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital, and providing advisory and risk mitigation services to businesses and governments. Our new investments totaled $16.2 billion in fiscal 2008, a 34 percent increase over the previous year. For more information, visit www.ifc.org.