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Mauritius Accounted for Almost Half of Foreign Investment in Mozambique

Mauritius Accounted for Almost Half of Foreign Investment in Mozambique

Foreign Direct Investment (FDI) in Mozambique grew by 2.1 per cent in 2023, compared to the previous year, to almost 2,510 million dollars (2,333 million euros), almost half of which came from Mauritius.

According to data from a report by the Bank of Mozambique to which Lusa had access today, FDI in 2023 compares with almost 2,459 million dollars (2,284 million euros) the previous year, but falls short of the 5,101 million dollars (4,738 million euros) of 2021.

‘As for the main FDI partners in Mozambique, the highlight goes to Mauritius, which maintained the top position, with 44.7 per cent, followed by South Africa, the Netherlands and Italy, with 25.4 per cent, 14.6 per cent and 7.2 per cent of the country’s total net FDI, respectively,’ reads the report.

Mauritius – subsidiaries of other countries, mainly in the mining sector – invested essentially in mining and manufacturing, accommodation and catering, and agriculture in Mozambique, while South Africa in mining and manufacturing, financial activities, and electricity production and distribution.

The table of the top ten foreign investors in Mozambique closes with China, with a weight of 0.6 per cent, essentially in the extractive and manufacturing industry, and Portugal, with 0.5 per cent of total FDI in 2023, in this case in construction, manufacturing, accommodation and catering, transport and storage.

In terms of the sectoral distribution of FDI, the Bank of Mozambique report states that the extractive industry maintained its position as ‘the largest recipient of investment flows’, receiving a total of 2.261,3 million dollars (2.1 billion euros) in 2023, which corresponds to 90.1 per cent of total foreign investment, 10.8 per cent more than in 2022.

This was followed by agriculture, animal production, hunting and forestry, with 53.3 million dollars (49.5 million euros), equivalent to 2.1 per cent of the total, and electricity, gas and water production and distribution, which received 40.2 million dollars (37.3 million euros) in foreign investment, corresponding to 1.6 per cent of total FDI and 69.4 per cent less than in 2022.


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