Mozambique: Foreign Direct Investment Falls By 21 Percent

Maputo — The volume of Foreign Direct Investment (FDI) in Mozambique fell by 21 percent in the first quarter, which corresponds to 1.2 billion US dollars.

According to a document on the Balance of Payments published by the Bank of Mozambique, FDI is heavily concentrated in the gas and mining industries. Over the same period of last year, FDI reached 1.6 billion dollars.

Despite the decline, the structure of foreign investment remained largely unchanged, continuing to be dominated by megaprojects…