Mozambique's Foreign Investment Skyrockets

Maputo, Mozambique – Mozambique has witnessed a dramatic surge in foreign investment, with the first half of 2024 seeing a 48% year-on-year increase in Foreign Direct Investment (FDI) to a record $1.84 billion.

This significant influx of foreign capital is primarily driven by the nation's burgeoning natural resource sector, particularly oil and gas. The extractive industry has become the primary target for foreign investors, cementing Mozambique's status as a global energy player.

The government is optimistic about the country's investment future, projecting a doubling of FDI inflows in 2024. This optimistic outlook is fueled by ongoing large-scale projects and the government's commitment to creating a business-friendly environment.

This surge in FDI is a testament to Mozambique's growing economic potential and its attractiveness to international investors. As the country continues to invest in infrastructure and harness its natural resources, it is poised to become a regional economic powerhouse.