Country Profile

Capital: Maputo 

Currency: Metical (MZN)

Languages:  Emakhuwa 25,3%, português (oficial) 10,7%, Xichangana 10,3%, Cisena 7,5%, Elomé 7%, Echuwabo 5,1%, outros Línguas moçambicanas 30,1%, outros 4%

Voltage: 220

Strategic Gateway to Southern Africa

 Mozambique occupies a strategic position along Southeast Africa's Indian Ocean coastline, stretching over 2,400 kilometers and sharing borders with six countries. Its deep-water ports at Maputo, Beira, and Nacala serve as critical trade gateways for landlocked neighbors, positioning the nation as a vital logistics and transit hub for the Southern African Development Community (SADC) region.

The country is endowed with substantial natural resources, including significant offshore natural gas discoveries, substantial hydropower capacity from the Cahora Bassa Dam, and fertile agricultural land. These assets underpin its long-term economic potential.

Population and Context

With approximately 33 million people, Mozambique has a youthful, rapidly urbanising population. Portuguese is the official language and the primary language for conducting business. English is gradually spreading among foreign enterprises and younger professionals, though its usage remains limited. French has a smaller presence in the business community.

Economic Landscape

Mozambique enters 2026 navigating a complex macroeconomic environment. Growth projections remain modest, with structural challenges including constrained fiscal space, external debt pressures, and vulnerability to climate shocks.

The economy continues to operate with foreign exchange constraints and a segmented structure, where large extractive projects coexist alongside a fragile domestic business sector.

Recent developments offer positive signals. The resumption of the LNG project, removal from the FATF grey list, and proposed World Bank financing provide potential catalysts for recovery.

However, substantial LNG revenues are unlikely before 2030, meaning near-term growth remains dependent on agriculture, transport corridors, and gradual private sector expansion.

Opportunity Amid Complexity

Despite current constraints, Mozambique's fundamentals remain compelling. The government actively pursues economic diversification, supporting micro, small and medium enterprises in priority sectors including agribusiness, tourism, and manufacturing. For businesses with local knowledge and long-term perspective, Mozambique offers significant opportunity.

Practical Information

Mozambique operates on Central Africa Time (CAT), year-round at UTC+02:00, with no daylight-saving observance. The official currency is the Mozambican metical (MZN, symbol MT), issued by the Central Bank of Mozambique. The country's international dialing code is +258 

Sources: African Development Bank, IMF Article IV 2025, World Bank Mozambique Economic Update, Standard Bank Economic Research, Central Bank of Mozambique