The Bank of Mozambique, in its role as regulator of the national financial system, has announced that the Foreign Direct Investment (FDI) in the country reached 5.6 billion US dollars in 2025, which corresponds to an increase of 60.2 percent.

In a report, the Bank of Mozambique explains that the increase was influenced by Major Projects (GP) and the extractive industry. “The growing evolution of FDI from the GP, observed in recent years, is essentially justified by the increased inflow of capital associated with oil and gas industry projects, focusing on hydrocarbon prospecting and research activities in the Rovuma basin, in addition to the revitalization of the coal and heavy sands industry”, reads the report.

Over the last few years, the document says, the flow of companies that are not part of the GP category “showed mixed behavior, having recorded, in 2021, their highest point as a reflection of the investments made to respond to the demand of the GP, in the component of transport, storage, and communications.” In 2024, total FDI in Mozambique had grown 41.5 percent, corresponding to 3.5 billion dollars.

“In terms of the sectoral distribution of FDI, the extractive industry maintained its position as the largest recipient of investment flows, totaling 5.2 billion dollars, representing 91.5 percent of the total FDI and an increase of 68.2 percent compared to 2024. This was followed by the manufacturing industry, with 120.9 million dollars, equivalent to 2.1 percent of total FDI, down 10.4 percent in one year”, reads the document.

On the other hand, real estate, renting, and business service activities recorded an influx of 66.4 million dollars, equivalent to 1.2 percent of total FDI, increasing by 17.9 percent.

The central bank also believes that the country, in 2026, will record FDI of 5.8 billion dollars, driven by natural gas projects. This growth will be “influenced by the implementation of structural projects in the Rovuma basin, for the production of liquefied natural gas (LNG), according to the supporting documents for the Social and Economic Plan and State Budget (PESOE) for 2026, cited by the Portuguese News Agency (LUSA).

Mozambique has three approved development megaprojects for the exploitation of LNG reserves in the Rovuma basin, classified among the largest in the world, off the coast of Cabo Delgado.

One of these projects is headed by the French giant TotalEnergies and another by the American ExxonMobil (18 mtpa), valued at 30 billion dollars, which is awaiting a final investment decision, both in Afungi.

Added to this is the project by the Italian company Eni, which has been producing about seven mtpa since 2022 from the Coral Sul floating platform, which will be doubled starting in 2028 with the Coral Norte platform, in an investment of 7.2 billion dollars.