In 2024, Mozambique attracted approximately 1.8 billion dollars (119 billion meticais) in Foreign Direct Investment (FDI), according to the 2024 Balance of Payments Report from the Bank of Mozambique (BdM).
This amount is 20% lower than the figure recorded in 2023, a trend that, according to the report, is mainly due to a reduction in profit reinvestment and foreign companies sending less money to the country.
Nevertheless, the bulk of investment was directed to the extractive sector—especially gas, coal, and heavy sands—areas dominated by the Large Projects. Despite fluctuations in global markets, these sectors remain major capital attractors. Other sectors such as finance and electricity also received investments, though in smaller amounts. The main investors come from South Africa, Mauritius, the Netherlands, and Italy, according to the data.
Regarding the channel of FDI inflows, loans and trade supplies—funds sent by the headquarters of foreign companies to their Mozambican subsidiaries—continue to dominate. This route accounted for over 1.4 billion dollars (92 billion meticais) throughout the year.
The report states that Large Projects remain the main engine of FDI, especially in the energy and mining sectors, and emphasizes the urgent need to diversify both types of investors and investment areas.
Although there was a decline, FDI still represented about 8% of GDP in 2024. This shows that, even with the slowdown, the country continues to attract external funds.
The 2024 data confirms a reality already felt: Mozambique depends heavily on a few sectors to attract investment, which leaves the economy vulnerable to global market conditions. However, with stability in public policies, the country still has the potential to mobilize capital.
Source: Diário Económico