Maputo, 5 Aug (AIM) – The volume of Foreign Direct Investment (FDI) fell by 10.6 per cent, from January to March of the current year, according to a document on the Balance of Payments published by the Bank of Mozambique.
According to the document, in the first quarter of this year, financial operations between the Mozambican economy and the rest of the world resulted in a net inflow of funds totalling 926.7 million dollars, compared to 894.6 million in the same period in 2023.
The note says that these figures are the result of 68.1 percent increase in financial flows, in a context in which the inflow of FDI fell by 10.6 per cent.
According to the document, the extractive industry maintained its position as the largest recipient of investment flows, receiving a total of 489.2 million dollars, which corresponds to 75.2 percent of total FDI, down 29 per cent on the same period in 2023.
“Investment to finance gas operations totaled USD 280.3 million, corresponding to 57.3 percent of FDI in the extractive industry”, reads the document.
The same document points out that export of goods by the Mozambican economy to the rest of the world reached 1.764 billion dollars, corresponding to an increase of 53 million dollars compared to the same period in 2023.
(AIM)
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