Mozambique’s foreign direct investment surged 69.7 percent to US$4.7 billion in the first nine months of 2025, driven overwhelmingly by rapid expansion in the country’s natural gas industry, according to latest figures from the Bank of Mozambique.
Officials expect inflows to climb further to a record US$5.9 billion this year as construction and development intensify in the Rovuma Basin.
The extractive sector accounted for the bulk of investment, attracting US$4.4 billion between January and September.
Oil and gas projects absorbed more than US$3.5 billion, while coal operations also expanded, recording a 14.6 percent rise to US$625 million.
The Netherlands, Italy, Mauritius and South Africa remained the largest sources of capital.
Mozambique’s gas industry has become the central engine of investment growth as the country moves to develop some of the world’s largest offshore LNG reserves in the Rovuma Basin off Cabo Delgado province.
TotalEnergies is advancing its onshore LNG development, while ExxonMobil is preparing an 18‑million‑tonne‑per‑year project valued at around US$30 billion, still awaiting a final investment decision.
Eni’s Coral Sul floating LNG platform has been producing since 2022, with output expected to double from 2028 when the Coral Norte vessel comes online under a US$7.2 billion expansion.
Government projections for 2026 point to a further 22.6 percent rise in FDI, supported by what officials describe as “structural projects” tied to LNG production and associated infrastructure.
The latest figures extend a multi‑year upward trend, following growth of 41.5 percent in 2024 and modest gains in 2023.
JN/APA