Maputo, April 6, 2026 (Lusa) - According to official data released on Monday, Foreign Direct Investment (FDI) in Mozambique increased by 70% during the first nine months of 2025, to $4.7 billion (€4.1 billion), driven by large-scale ventures and the extractive industry.
‘The extractive industry retained its position as the largest recipient of investment flows, totalling $4.4 billion (€3.8),’ according to the latest balance of payments report from the Bank of Mozambique, which Lusa saw on Monday.
Within this industry, the oil and gas sector absorbed a total of $3.6 billion (€3.1 billion) in the first nine months of 2025, whilst coal mining grew by 14.6% year-on-year to $625 million (€545 million).
The total volume of FDI attracted by Mozambique from January to September last year was $2.78 billion (€2.42 billion), compared with $2.78 billion (€2.42 billion) for the same period in 2024, with major projects leading the way (83.7%), as in previous quarters.
Regarding the primary origins of these financial flows, the report highlighted the Netherlands as the leading contributor, accounting for 41% of the total, Italy with 22%, and Mauritius and South Africa with 17% and 14%, respectively.
Mozambican authorities announced a record-breaking year for FDI in 2026, with estimates reaching $6 billion, marking a 23% increase.
According to the supporting documents for the 2026 Social and Economic Plan and State Budget (PESOE), this growth would be fuelled by structural projects in the Rovuma Basin related to liquefied natural gas (LNG) production.
Foreign direct investment in Mozambique grew 42% in 2024 and 2% in 2023.
Mozambique has three approved mega-development projects for the exploitation of LNG reserves in the Rovuma Basin off the coast of Cabo Delgado, which ranks among the world's largest.
The report stated that one of these large-scale projects in Afungi is being led by TotalEnergies and the other by ExxonMobil, valued at $30 billion (€26 billion) and currently awaiting a final investment decision.
Furthermore, Italy’s Eni has been producing approximately 7 mtpa (million tonnes per annum) since 2022 via the Coral Sul floating platform, with production expected to double in 2028 with the introduction of the Coral Norte platform, representing an additional investment of $7 billion (6 billion).
PVJ/MYAL // ADB.
Lusa
