Mozambique is participating in the 57th edition of the Algiers International Fair (FIA), taking place from June 22 to 27 in Algeria under the theme: “Trust and Stability for Sustainable Growth.” According to a statement, the government aims to promote the country as a preferred destination for Foreign Direct Investment (FDI) in Africa by showcasing its economic potential.
The document, consulted by DE, states that the Mozambican delegation is led by the Secretary of State for Trade, António do Rosário Grispos, and includes senior officials from the Ministry of Economy, representatives of the Investment and Export Promotion Agency (APIEX, IP), the Institute for the Promotion of Small and Medium Enterprises (IPEME, IP), and the Embassy of Mozambique in Algeria.
“Products with high export potential will be presented at the fair, reaffirming the country’s commitment to promoting trade, investment, and international economic cooperation. Participation in various thematic sessions, business meetings, and other networking opportunities is also planned,” the document states.
The event is one of the largest economic and trade promotion platforms on the African continent, bringing together countries, companies, and institutions from various sectors.
“Participation in FIA 2026 is part of the Mozambican government’s efforts to boost the internationalization of national companies, promote foreign trade, and strengthen sustainable economic relations with strategic partners,” it concludes.
Foreign Direct Investment (FDI) in Mozambique increased by 69.7% in the first nine months of last year, reaching $4.7 billion, still driven by large projects and the extractive industry.
According to the Bank of Mozambique’s balance of payments report, the extractive industry remained the main recipient of investment flows, with a total of $4.4 billion.
FDI in Mozambique increased by 69.7% in nine months last year, reaching $4.7 billion.
“Within this industry, the oil and gas sector alone absorbed $3.5 billion in nine months, while coal extraction grew by 14.6% year-on-year, reaching $625 million,” the central bank reported.
According to the document, the main source countries of FDI flows into Mozambique include the Netherlands, accounting for 40.8% of the total, followed by Italy (22%), Mauritius (16.9%), and South Africa (14.1%).
For this year, the government forecasts a record level of FDI, reaching $5.8 billion, an increase of 22.6%, driven by liquefied natural gas (LNG) projects. The projection is included in the proposal for the Economic and Social Plan and State Budget (PESOE 2026).
Last year, Algeria committed to helping Mozambique expand its domestic gas distribution network, train professionals in hydrocarbon exploration and production, and support the construction of an energy distribution network. The understanding stems from a set of agreements signed in Maputo between institutions from both countries.
At the time, the Minister of Mineral Resources and Energy, Estêvão Pale, explained that the National Hydrocarbons Company (ENH) signed a memorandum with Algerian oil company SONATRACH that would allow Mozambique to gain experience in production and participation in the oil and gas value chain. According to the minister, the country needs to “expand the natural gas distribution network for domestic consumption” and develop “industrial projects based on natural gas.”
Source: Diário Económico
