Maputo, May 5, 2025 (Lusa) - Mozambique's government expects growth of more than 40% in Foreign Direct Investment (FDI) in the country this year, equivalent to €4.487 billion, according to the budget proposal which Lusa saw on Monday.

According to the proposal for the 2025 Economic and Social Plan and State Budget (PESOE), which today begins to be analysed in the specialised committees of the Parliament in Maputo, this expected growth will be influenced by the implementation of structured projects in the Rovuma Basin, in Cabo Delgado, for natural gas, which includes the resumption of construction of the Total Energies unit and Eni's second platform.

"For 2025, the outlook is for growth to $5.071 billion," according to the document on the forecast for attracting foreign investment in the country, an increase of almost 43% compared to that realised in 2024.

According to central bank data compiled by Lusa, FDI in Mozambique grew by 41.5% in 2024 compared to the previous year to almost $3.55 billion (€3.143 billion).

According to a statistical report by the Bank of Mozambique, however, this growth in 2024, compared to $2.509 billion (€2.220 billion) in 2023 and $2.458 billion (€2.175 billion) in 2022, is still a long way from the peak of $5.101 billion (€4.513 billion) in FDI in 2021.

Previously, FDI in Mozambique had grown by 2% in 2023, compared to the previous year.

Mozambique's government previously estimated that FDI in the country should double in 2024, driven by the natural gas exploration business.

In the documents supporting the PESOE for 2024, the government pointed to a growth in FDI to $4.778 billion (4.227 billion euros), an amount it didn't reach.

In 2023, according to the latest complete annual data available, the Major Projects category, essentially mining and natural gas, brought in $2.087 billion (€1.846 billion) in FDI in the form of capital. FDI performance in 2023 was above the government's projection of $1.425 billion (€1.260 billion) for that year.

PVJ/ADB // ADB.

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