World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Stay Connected
x
Mozambique

Comzatel Mozambique

$12.4 million
Telecommunications
SPG
Not Active

Project Facts

Project Facts

Project Facts

Mozambique
Project ID
11079
Strategic Priority Area
IDA
Guarantee Holder
International Lender to be Determined
International Lender to be Determined
Investor Country
Germany
Environmental Category
C
Projected Board Date
November 19, 2012
Project Type
Non-SIP
Fiscal Year
2013

This summary covers an investment of €9.5 million (about $12.4 million) by Comzatel International GmbH of Germany in Comzatel Mozambique. The investor has applied for a MIGA guarantee on the investment amount for a period of up to five years against the risks of transfer restriction, expropriation, and war and civil disturbance.

Comzatel Mozambique is a small internet service provider, providing internet and data service to businesses and individuals. Comzatel International's increased capital investment will expand the existing network by increasing its geographical spread, improving its density, and acquiring new technology.

Environmental Categorization:

The project is a category C under MIGA's Policy on Social and Environmental Sustainability.

Development Impact

The project is expected to broaden Mozambique's information, communications, and telecommunications sector by providing broadband internet service across most parts of the country. The provision of high-speed connectivity and increased competition in the sector is already resulting in lower internet tariffs, increased reliability, and improved service. In addition, investment in new technologies, such as WiMAX, will also create a demonstration effect for other operators to invest in new capability, leading to enhanced knowledge and skills and increased private sector productivity. This project is aligned with the World Bank Group's Country Partnership Strategy for Mozambique, which notes a need for further development of the country's internet market. It is also aligned with MIGA's priority of supporting investments into countries eligible for concessional lending from the International Development Association.