Foreign Direct Investment (FDI) in Mozambique grew 69.7% in 2025, reaching $4.724 billion (€4.11 billion) by September, largely driven by major projects (GPs) and the extractive industry, according to official data.
The extractive sector remained the largest recipient, totaling $4.417 billion (€3.845 billion). Within this sector, oil and gas attracted $3.578 billion (€3.115 billion), while coal extraction rose 14.6% year-on-year to $625 million (€545 million).
This represents a sharp increase from $2.784 billion (€2.424 billion) in the same period of 2024, with major projects accounting for 83.7% of total FDI.
The main source countries for investment were the Netherlands (40.8%), Italy (22%), Mauritius (16.9%), and South Africa (14.1%).
Read more: Mozambique: UK has invested €68.9 million in water supply
Mozambique projects a record FDI of $5.88 billion (€5.12 billion) in 2026, a 22.6% rise, primarily fueled by natural gas projects in the Rovuma Basin. The country has three megaprojects approved for LNG production offshore Cabo Delgado, including:
- TotalEnergies project
- ExxonMobil project (18 mtpa, $30 billion investment) awaiting final investment decision in Afungi
- Eni’s Coral Sul project (7 mtpa since 2022), which will expand with Coral Norte in 2028 ($7.2 billion investment)
FDI in Mozambique previously grew 41.5% in 2024 and 2% in 2023, highlighting the accelerating trend driven by energy megaprojects.
