Foreign Direct Investment (FDI) in Mozambique saw a drop of 66.8% in the first quarter, compared to 2022, amounting to US$460.1 million.
According to the central bank's recent report, the primary investor was South Africa.
This significant decline in FDI was influenced by a 67.8% decrease in significant projects and a 54.3% reduction in traditional economic enterprises.
In the first quarter of 2022, Mozambique had garnered over US$1.386 billion in foreign investment, mainly due to the commencement of gas production projects.
South Africa remains the top origin country for FDI in Mozambique . . .
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