BCI participated in the Economic Briefing, held on February 20, 2025, in Maputo, organized by the Confederation of Economic Associations of Mozambique (CTA). In its 17th edition, the event focused on the theme “Business Dynamics in the Fourth Quarter of 2024 and Analysis of the Current Economic Situation” and was attended by the Minister of Economy, Basílio Muhate.
During the forum, the Chairman of the Executive Committee (PCE) of BCI, Francisco Costa, stated that the Mozambican banking sector is ready to support the country’s economic recovery.
“The banking sector remains available, has liquidity, financial solidity, and is prepared to provide support. We strongly believe that it is possible—through new financing mechanisms and improvements in existing support conditions—to overcome this complex period together,” said Costa.
The PCE emphasized that with a positive outlook for the future, Mozambique has the potential to position itself globally and achieve economic growth, with visible progress expected as early as the first half of 2025.
During the panel discussion on Mozambique’s economic and financial landscape, BCI Board Member George Mandawa expressed solidarity with the business community facing ongoing challenges.
“Despite the difficulties we have encountered, there are signs of hope for economic recovery,” said Mandawa, highlighting that the country has the necessary conditions to overcome the crisis.
He also analyzed Mozambique’s macroeconomic indicators, noting that inflation closed at 4.15% in 2024. However, he stressed that bank liquidity was strengthened by the reduction of mandatory reserves, which will enable banks to provide increased financing to the productive sector.
“In 2024, the reduction of mandatory reserves was a major announcement for the Mozambican financial system. Now, we have more liquidity to finance the economy, which will translate into real economic growth,” he emphasized.
At the event, Minister of Economy, Basílio Muhate, encouraged the private sector to continue seeking solutions to enhance business performance, highlighting the Economic Briefing as a key platform for a collaborative approach to economic and business issues.
