Insurance companies in Mozambique: A guide to making strategic decisions for your business

In today’s business world, security and risk prevention are crucial components for the sustainable success of any business. In Mozambique, where the business landscape is as diverse as it is challenging, the role of insurance in companies is even more important.

The insurance market in Mozambique is varied, presenting multiple options for businesspeople and entrepreneurs. From property insurance to civil liability coverage, choosing the right insurance can be a complex task. In this context, a detailed analysis of the insurance market and its offerings becomes indispensable for any business wishing to prosper and protect itself against unforeseen events.

With the aim of guiding entrepreneurs in choosing the most suitable insurance for their needs, this article presents a comprehensive overview of the insurance market in Mozambique.

list of insurance companies

Arko Insurance Company –Austral Insurance –Britam – insurance company of Mozambique–Diamond Insurance – Mozambican Insurance Company (EMOSE)–Unparalleled loyalty –Global Alliance– Hollard Mozambique – Horizonte Insurance – Imperial Insurance–Indico Insurance – Mozambique Insurance Company –Palma Insurance Company– Phoenix insurance company of Mozambique.

Arko Insurance Company

Arko is a company that has been operating in the country since 2017, offering coverage and guarantees according to the protection and risk mitigation needs of each client.

Business insurance highlights:

Arko Health;

Accidents at work;

Car fleet;

Cargo transportation;

Construction

Multi-risk business protection;

Civil and professional liability

Contacts: + 258 21 499 071

Email:info@arkoins.com
Address: Maputo- Av. Armando Tivane, 56

Austral Insurance

Austral Seguros began operations in Mozambique more than a decade ago. It offers a wide range of insurance services, providing reliable and comprehensive solutions to its clients.

Business insurance highlighted:

Business insurance: this insurance covers a variety of risks that can affect daily operations, from damage to property to civil liability;

Liability Insurance: offers a service that covers a variety of situations, from property damage to bodily injury, providing peace of mind for business owners.

Transported Goods Insurance: offers cover for loss or damage during transportation, an essential solution for companies involved in logistics and commerce.

Contacts: +258 21 488 836

Cell: +258 84/82 303 9391

Email: australseguros.co.mz

Address: Maputo- Av. do Zimbábwe, Nº 338, Bairro da Sommerschield.

Britam – insurance company of Mozambique

Britam is part of the Britam Holding PLC group, which is a leading diversified financial services group and is listed on the Nairobi Stock Exchange. In Mozambique, the group offers the following services and businesses:

Machinery breakdown insurance;

Electronic equipment insurance;

Stock deterioration insurance;

Directors’ and officers’ liability insurance.

Contact: +258 84 306 8486

Address: Maputo- Av. Marginal, 406

Diamond Insurance

Diamond Seguros has been operating in the country since 2014 and stands out for its innovative risk management solutions.

Featured business services:

Liability insurance: Protects company assets against physical damage, theft and civil liability with Diamond’s comprehensive property insurance.

Contractors’ insurance: covers machine breakdown, deterioration in storage, all contracting risks.

Marine insurance: protects against damage to marine cargo.

All-risk insurance: this option is efficient for companies because it provides cover for loss, damage, interruption of business activities.

Workplace accident insurance: provides comprehensive cover for injuries and disabilities, guaranteeing the well-being of the workforce.

Contacts: +258 21 484 932

Cell: +258 82 002 2000

Website: www.diamondseguros.co.mz

Address: Maputo-Av. Kenneth Kaunda 751 – Rua das Orquídeas, N. 118, sommershield

Manica- Bairro 3, Chimoio City.Sofala- Rua Arthur Canto de Rezende, Bairro Maquinino, Beira City.

Mozambican Insurance Company (EMOSE)

Founded in 1977 by the merger of the Nauticus, Lusitana and Tranquilidade Insurance Companies, EMOSE, S.A., monopolized the Mozambican insurance sector until 1991. In 1998, it became EMOSE, S.a.r.l, and in 2009, EMOSE, SA, changing its structure. Now 40 years old, it stands out in the provincial capitals, offering 35 insurance products in line with international standards. It is involved in significant projects, insuring works and assets in Mozambique.

Business insurance highlighted:

Multi-risk insurance: Guarantees compensation in the event of loss and/or damage to property (buildings and/or contents) resulting from covered risks;

Occupational accident insurance: Guarantees the employer’s liability for accidents occurring to its employees in the course of their professional activity;

Transport, engineering and aviation insurance: Guarantees compensation for loss and/or damage to works during the construction period, construction machinery, electronic equipment and complete engineering works.

Email:comercial@emose.co.mz

Address: Maputo-Headquarters Av. 25 de Setembro

Unparalleled loyalty

Fidelidade, the market leader in Portugal, has expanded its presence in Mozambique by acquiring 70% of Seguradora Internacional Moçambique (SIM), operating under the Ímpar brand. This acquisition places Fidelidade among the top three insurers in Mozambique, broadening its product offering and strengthening local partnerships, such as with Millennium BIM.

Business insurance highlighted:

Accidents at work: covers medical expenses, pensions and other benefits related to accidents at work;

Machinery breakdown: provides protection against damage and failure of machinery essential to business operations;

Electronic equipment: protects electronic equipment against damage and loss.

Machinery: provides comprehensive cover for machinery, guaranteeing operational continuity;

Transported goods: minimizes logistical risks during the transport of goods,

Multi-risk: multi-faceted cover to protect against various contingencies;

Liability: guarantees against legal liability in a variety of situations.

Contacts: 800 800 088

WhatsApp: +258 84 320 7925

Email: agencia.maputo@fidelidadeimpar.co.mz

agencia.matola@fidelidadeimpar.co.mz

agencia.beira@fidelidadeimpar.co.mz

agencia.nacala@fidelidadeimpar.co.mz

agencia.nampula@fidelidadeimpar.co.mz

agencia.pemba@fidelidadeimpar.co.mz

agencia.quelimane@fidelidadeimpar.co.mz

Website: : www.fidelidade.co.mz

Address-Maputo- Rua de Kassuende, n ͣ 210, bairro Polana cimento A,

Global Alliance Insurance

Since 2008, Global Alliance Seguros, SA, has been operating in Mozambique after merging with CGSM. In 2011, it grew from family to corporate management. It is currently part of Absa bank, consolidating its presence in the market.

Business insurance highlighted:

Occupational accident insurance: protects workers against accidents at work;

Fire insurance: protects against total or partial damage to property under the responsibility of the insured;

Goods in transit: provides comprehensive cover in the event of loss or damage to goods during transportation;

Insurance bank: provides partnerships with banking institutions,

Contacts Maputo: +258 21 49 31 10

Matola: +258 21 72 04 76

Beira: +258 23 320 054

Address: Maputo- Av. da Marginal, Parcela 141.

Hollard Mozambique

Hollard has been offering innovative products and quality services since it was founded in 1980. With a strong presence in Mozambique, Hollard stands out in the business sector, providing comprehensive solutions.

Business insurance highlighted:

Commercial and property insurance: this type of insurance provides comprehensive cover for tangible assets, guaranteeing the continuity of business operations;

Business insurance: this insurance provides protection covering aspects related to the management and operation of the company;

Specialized category insurance: offers specialized solutions that align with the unique challenges faced by specific sectors;

Corporate Travel Insurance: this insurance covers eventualities that may arise during corporate travel, ensuring peace of mind for employees and the company;

Contacts Maputo: +258 21 357 700

Website: www.hollard.co.mz

Horizonte Insurance

Horizonte Insurance is recognized for offering a comprehensive set of insurance solutions that meet the diverse needs of its clients. We highlight some of the main products offered by the insurer in the business sector:

Occupational accident insurance: Guarantees comprehensive cover for employees in the event of an accident in the workplace.

Car insurance: Offers compensation for damage caused to third parties as a result of accidents involving company vehicles, complying with legal obligations.

Multi-risk business insurance: Guarantees the replacement of assets in the event of fire, lightning strike or explosion, including additional cover negotiated individually.

Contractor’s insurance: Protects against accidents during the execution of works, including damage incurred during the installation or assembly of machinery, equipment and other installations.

Electronic equipment insurance: Offers “All Risks” cover for electronic equipment.

Seguro marítimo:Protege embarcações, equipamentos, transporte e carga utilizados no transporte marítimo.

Seguro de mercadoria em trânsito:Cobertura contra todos os riscos de perda ou danos à mercadoria durante o transporte, garantindo que os bens cheguem ao destino com segurança.

Contacts: Quelimane: 800 75 75 – Freephone

Maputo: 800 75 75 – Freephone

Address: Maputo- Av. Tomás Nduda

Imperial Insurance Moçambique

Imperial Insurance Moçambique, S.A. is a Mozambican company founded in 2015. The company was created to offer a wide range of conventional insurance, Alternative Risk Transfer (ART) and Corporate Risk Management (ERM) solutions to the insurance public.

Business insurance highlighted:

Business insurance;

Engineering insurance;

Marine cargo insurance;

Fleet insurance.

Contacts: +258 21 497 467

Email: imperialinsegurance-mz.com

Website: imperialinsurance-mz.com

Indico Insurance

Operating in Mozambique since 2011, Índico Seguros stands out for the diversity and quality of the services and products it offers. It has consolidated its presence in the insurance market with innovation and excellence in the regular exercise of acts related to the acceptance and fulfillment of insurance contracts.

Outstanding Business Insurance:

Self-insurance: offers protection for company vehicles, providing comprehensive cover for damage, theft and civil liability;

Fire Insurance: covers material damage and provides financial recovery in adverse situations;

Engineering Insurance: offers comprehensive protection, securing developments from the initial phase to completion;

Liability: guarantees against legal liability in a variety of situations;

Insurance for SMEs: provides insurance tailored to your specific needs.

Contact: +258 84/825533

Website:: www.indicoseguros.co.mz / indicoseguros.co.mz

Address: Maputo 333/659, Avenida Bernabe Thawe.

Mozambique Insurance Company

Specializing in non-life insurance, the company offers a range of services that stand out for their excellence and commitment to protection.

Business insurance highlighted:

Insurance for SMEs: specially designed for small and medium-sized enterprises (SMEs), this insurance provides comprehensive coverage, addressing the various needs and challenges faced by smaller businesses.

Insurance for Businesses and Services: offers tailored solutions, protecting against risks and unforeseen events that could have a negative impact on business.

Contacts:

Maputo: +25821488950

Matola: +25821720355

Beira: +25823326805

Nampula: +25826219030

Email:mcs@mcs.co.mz

Endereço: Maputo. sede Av. Kenneth Kaunda, 518

Email: balcaomatola@mcs.co.mz

Endereço: Parque dos Poetas, Loja 72

Email:balcaobeira@mcs.co.mz

Endereço: Rua Major Serpa, 87 – Centro Comercial Bulha, R/C, Loja nº3

Email:balcaonampula@mcs.cs.mz

Endereço: Av. Eduardo Mondlane.

Palma Insurance Company

Palma Companhia de Seguros, SA, offers robust financial and asset protection for corporate clients.

Business insurance highlighted:

Car insurance: enables smooth, safe and careful journeys.

Business liability insurance: Safeguards against third-party claims, guaranteeing the company’s financial integrity in the face of possible litigation and legal liability.

Workplace accident insurance: Protection for employees against injuries or disabilities resulting from accidents in the workplace.

Surety or guarantee insurance: protects the beneficiary against non-compliance with obligations under a contract up to the limit of the guarantee.

Goods in transit insurance: provides security for goods during transit.

Electronic equipment insurance: offers protection against unforeseen events that cause malfunctions and physical damage to electronic equipment installed in a company.

Contacts: +258 21 422 551

Green Line: +258 800 422 422

E-mail: info@palmaseguros.co.mz

Website: www.palmaseguros.co.mz

Address: Maputo- N 1359, Av. Mao Tse Tung.

Phoenix insurance company of Mozambique

Phoenix Assurance Group is a dynamic financial powerhouse that operates short-term insurance in Africa, the group is also involved in microfinance in some African countries.

Business insurance highlighted:

Marine insurance;

Travel insurance;

Agricultural insurance;

Public liability insurance;

Livestock insurance;

Goods in transit insurance.

Website: info@phoenixmozambique.com

Address: Maputo- Av. Julius Nyerere, 914.

Presidente da República recebeu parlamentares chineses para fortificar a cooperação Bilateral

Filipe Nyusi, recebeu em audiência de cortesia, uma delegação da Assembleia Popular Nacional, o mais alto órgão legislativo da República Popular da China. A Delegação chegou em Moçambique para fortalecer as relações de amizade e cooperação em diversas áreas, bem como estabelecer um intercâmbio legislativo com o parlamento moçambicano.

Filipe Nyusi manifestou o interesse no reforço da cooperação entre as duas nações em níveis legislativo, político, social e cultural, lembrando os longos e profundos laços de amizade entre os dois países.

Na sua intervenção, o presidente da República citou, como exemplo, o sucesso alcançado na participação de Moçambique no Fórum Cinturão e Rota, que teve lugar em outubro em Beijing, no qual Moçambique participou com uma delegação chefiada pelo primeiro-ministro, Adriano Maleiane.

Nyusi voltou a prestar condolências ao povo e governo chineses pelo falecimento do ex-primeiro-ministro chinês, Li Keqiang.

O primeiro vice-presidente da Assembleia da República, Hélder Injojo, que acompanhava a delegação chinesa, apresentou ao presidente de Moçambique os resultados alcançados na visita de dois dias, cuja agenda era o estreitamento das relações entre os dois órgãos legislativos.

No entanto o encontro serviu igualmente para aprofundar os históricos e tradicionais laços de amizade existentes entre os dois povos, que datam desde os primórdios da luta armada de libertação nacional, tendo se desenvolvido e consolidado ao longo dos 48 anos de independência do país.

“Foram passadas em revista as relações entre os dois parlamentos e a consolidação da cooperação entre os dois órgãos, na qualidade de representantes do povo”, disse Injojo.

Por seu turno, o vice-presidente do Comité Permanente da 14ª Assembleia Popular Nacional da China, Losang Gyaltsen, agradeceu a recepção e emitiu cumprimentos do presidente chinês, Xi Jinping.

Losang Gyaltsen realçou igualmente a importância do encontro que manteve com a presidente da Assembleia da República, Esperança Bias, no qual falaram sobre matérias legislativas.

A delegação, encabeçada pelo vice-presidente do Comité Permanente da 14ª Assembleia Popular Nacional da China, terminou ontem a sua visita a Moçambique.

De recordar que, no dia 18 de outubro, Moçambique partilhou no Fórum Cinturão e Rota a sua experiência no desenvolvimento verde, onde o vice-ministro dos Negócios Estrangeiros e Cooperação, Manuel Gonçalves, disse que o desenvolvimento verde é olhar para a parte climática. Moçambique tem uma larga experiência em torno disso, sobretudo ligado às mudanças climáticas. “Moçambique tem sido fustigado pelas calamidades naturais, praticamente todos os anos, e tem sabido fazer face a essas calamidades naturais”, afirmou Gonçalves.

President of the Republic receives Chinese parliamentarians to strengthen cooperation

The President of the Republic of Mozambique, Filipe Nyusi, received a Chinese delegation for a courtesy visit. The visit aims to strengthen relations and cooperation between the two countries, establishing a legislative exchange covering various areas.
Filipe Nyusi expressed his interest in improving cooperation between Mozambique and China at the legislative, political, social and cultural levels, highlighting the solid and long-lasting ties that unite the nations. He highlighted Mozambique’s successful participation in the Belt and Road Forum, held in October in Beijing, in which the country actively contributed with a delegation led by Prime Minister Adriano Maleiane.

During the meeting, President Nyusi expressed his condolences for the loss of former Chinese Prime Minister Li Keqiang, reaffirming the bonds of solidarity between the two countries. Hélder Injojo, first vice-president of the Assembly of the Republic of Mozambique, who accompanied the Chinese delegation, presented the positive results of the two-day visit, emphasizing closer relations between the legislative bodies.
The vice-president of the Standing Committee of the 14th National People’s Assembly of China, Losang Gyaltsen, expressed his gratitude for the warm welcome and conveyed the greetings of the Chinese president, Xi Jinping. Gyaltsen highlighted the importance of the meeting with the President of the Assembly of the Republic, Esperança Bias, in which they discussed relevant legislative issues.

The Chinese delegation’s visit provided an opportunity not only to strengthen ties between the parliaments, but also to deepen the historical and traditional links between the peoples of Mozambique and China, which date back to the beginnings of the armed struggle for national liberation and have been consolidated over the 48 years of the country’s independence.
The delegation, led by Losang Gyaltsen, ended its visit to Mozambique yesterday after significant exchanges on legislative cooperation and strengthening bilateral relations. The meeting highlights Mozambique’s continued commitment to pursuing strategic collaborations and seizing global opportunities to promote sustainable development.
Importantly, during its participation in the Belt and Road Forum in October, Mozambique shared its experience in green development, emphasizing resilience in the face of recurring climate challenges and reinforcing the country’s commitment to environmentally sustainable practices.

Inauguração do Parque de Gestão de Tráfego em Pessene: Maior segurança e eficiência para camionistas no Porto de Maputo

No âmbito da melhoria contínua da logística e da segurança rodoviária, a Sociedade de Desenvolvimento do Porto de Maputo (MPDC) marcou um passo significativo para a eficiência e segurança das operações entre camionistas e o Porto de Maputo, com a inauguração do Parque de Gestão de Tráfego em Pessene. Este evento notável contou com a presença distinta do Exmo. Sr. Governador da Província de Maputo, Júlio Parruque, e o Exmo. Sr. Ministro dos Transportes e Comunicações de Moçambique, Dr. Mateus Magala.

O novo parque possui capacidade estática para 250 camiões, servindo como um ponto de paragem temporária crucial no caminho para o Porto de Maputo. Entre as vantagens oferecidas aos camionistas destacam-se um refeitório para refeições rápidas, instalações de sanitárias para higiene pessoal, um processo de indução de segurança e a possibilidade de tramitação portuária antecipada.

Essa obra substancial não só proporciona maior segurança rodoviária, mas também visa optimizar as operações, tornando-as mais eficientes e seguras para todos os envolvidos. A capacidade do parque e as facilidades oferecidas contribuirão significativamente para uma experiência mais positiva e suave para os camionistas que transitam.

Uma obra bastante significativa que irá possibilitar maior segurança rodoviária para todos, e operações mais eficientes e seguras.

Inauguration of the Traffic Management Park in Pessene: Greater safety and efficiency for truck drivers at the Port of Maputo

As part of the continuous improvement of logistics and road safety, the Maputo Port Development Company (MPDC) marked a significant step forward for the efficiency and safety of operations between truckers and the Port of Maputo, with the inauguration of the Traffic Management Park in Pessene. This remarkable event was attended by the Honorable Governor of Maputo Province, Júlio Parruque, and the Honorable Minister of Transport and Communications of Mozambique, Dr. Mateus Magala.

The new park has a static capacity for 250 trucks, serving as a crucial temporary stopping point on the way to the Port of Maputo. Among the advantages offered to truckers are a cafeteria for quick meals, toilet facilities for personal hygiene, a security induction process and the possibility of early port processing.

This substantial work not only provides greater road safety, but also aims to optimize operations, making them more efficient and safer for everyone involved. The capacity of the park and the facilities on offer will contribute significantly to a more positive and smoother experience for truckers passing through.

This is a very significant project that will lead to greater road safety for everyone, and more efficient and safer operations.

Conheça o PROLER e o seu impacto para as energias renováveis em Moçambique

Prevê-se que a procura de electricidade continue a crescer a uma taxa anual de 7-8%, numa altura em que o país se esforça por alcançar o ambicioso objectivo de fornecer acesso universal à electricidade até 2030.

Para atingir este objectivo, limitando o seu impacto ambiental, a União Europeia, como parte da sua estratégia PROMOVE Energia, esta a apoiar o Governo de Moçambique com o programa PROLER (Promoção de Leilões de Energias Renováveis). Este programa tem como objectivo aumentar a produção de energia a partir de fontes renováveis de energia.

PROLER representa um novo paradigma que promove leilões transparentes e competitivos com objectivo de oferecer as tarifas mais baixas possíveis aos consumidores finais.

Num outro enfoque, a PROLER tem também a ambição de apoiar a criação de condições atractivas para que o sector privado acelere e amplie o seu investimento em projectos de energias renováveis em Moçambique.

Em termos de impactos, o primeiro resultado do projecto piloto da Central Solar de Dondo prova que o esquema proposto é suficientemente atractivo para alavancar o investimento privado.

Espera-se igualmente que este programa contribuirá para redução de gases com efeito de estufa. A construção das três primeiras centrais fotovoltaicas deverá reduzir emissões em 25.000 toneladas de CO2/ano e fornecer energia para o consumo rural de 240.000 lares.

Estas constatações foram feitas hoje, pelo representante da PROLER, que falava à margem da 3ª Conferencia Empresarial sobre Energias Renováveis em Moçambique.

De referir que a Conferência é organizada pela Associação Lusófona de Energias Renováveis (ALER) juntamente com a Associação Moçambicana de Energias Renováveis (AMER), com o apoio do GET.invest Mozambique, financiado pela União Europeia e a Alemanha e parte do programa europeu GET.invest.

PROLER: Developing energy production from renewable energies

Demand for electricity is expected to continue to grow at an annual rate of 7-8%, as the country strives to achieve the ambitious goal of providing universal access to electricity by 2030.

In order to achieve this goal, while limiting its environmental impact, the European Union, as part of its PROMOVE Energy strategy, is supporting the Government of Mozambique with the PROLER program (Promotion of Renewable Energy Auctions). This program aims to increase energy production from renewable energy sources.

PROLER represents a new paradigm that promotes transparent and competitive auctions with the aim of offering the lowest possible tariffs to end consumers.

In another approach, PROLER also has the ambition to support the creation of attractive conditions for the private sector to accelerate and expand its investment in renewable energy projects in Mozambique.

In terms of impacts, the first result of the Dondo Solar Power Plant pilot project proves that the proposed scheme is attractive enough to leverage private investment.

It is also expected that this program will contribute to reducing greenhouse gases. The construction of the first three photovoltaic plants is expected to reduce emissions by 25,000 tons of CO2/year and provide energy for the rural consumption of 240,000 households.

These findings were made today by the PROLER representative, who was speaking on the sidelines of the 3rd Business Conference on Renewable Energies in Mozambique.

The conference is organized by the Lusophone Renewable Energy Association (ALER) together with the Mozambican Renewable Energy Association (AMER), with the support of GET.invest Mozambique, funded by the European Union and Germany and part of the European GET.invest programme.

Moçambique será a quinta economia de maior crescimento global em 2023

O país está para alcançar um crescimento económico notável de 7% este ano, se tornando a 5ͣ economia de maior crescimento económico global em 2023, de acordo com o relatório do Fundo Monetário Internacional (FMI). Os números reflectem as projecções optimistas previamente divulgadas pelo Governo moçambicano, que já havia revisado para cima as expectativas de crescimento, superando o objectivo inicial de 5% estabelecido no Plano Económico e Social e Orçamento do Estado (PESOE) para 2023.

A análise do FMI endossa a visão optimista do governo, reafirmando a previsão de crescimento do Produto Interno Bruto (PIB) em 7%, solidificando a posição de Moçambique como o país com o maior crescimento económico na África Subsaariana neste ano. Este índice é mais do que o dobro da média dos 46 países da região, estimada em 3,3%.

O destaque para o desempenho económico de Moçambique coloca o país à frente na lista das economias africanas mais dinâmicas em 2023, atrás apenas da Líbia, que projecta um notável crescimento de 12,5%, recuperando de uma queda acentuada de -9,6% em 2022, segundo dados do relatório.

A posição de liderança de Moçambique na África Subsaariana é confirmada pelo relatório, que classifica o país à frente de economias significativas como a República Democrática do Congo (RDC), Costa do Marfim, Ruanda e Etiópia, formando o top cinco regional com taxas de crescimento variando entre 6,7% e 6,1%.

Comparativamente, outras grandes economias africanas apresentam crescimento mais modesto, com a Nigéria estimada em 2,9%, Angola em 1,3%, e a África do Sul com 0,9%. No contexto da Comunidade dos Países de Língua Portuguesa (CPLP), Guiné-Bissau e Cabo-Verde superam a média da região, enquanto São Tomé e Príncipe e Guiné Equatorial enfrentam desafios com taxas de crescimento de 0,5% e -6,2%, respectivamente.

Globalmente, o desempenho económico de Moçambique também se destaca. Se as previsões do FMI se confirmarem, o país será a segunda economia que mais cresce no continente, ficando atrás apenas da Líbia. Internacionalmente, Moçambique figura entre as cinco principais economias em ascensão, juntamente com a Guiana, Samoa, Fiji e Armênia, com todas as economias projectadas para crescerem a uma taxa impressionante de 7%.

Este desempenho económico de Moçambique, amplamente acima da média mundial de 3%, e superando até mesmo grandes potências como China e Índia, sinaliza um cenário promissor para o país. O crescimento robusto reforça a posição de Moçambique como um importante protagonista no panorama económico global, atraindo a atenção de investidores e destacando o potencial do país para impulsionar o desenvolvimento sustentável na região.

Mozambique will be the fifth fastest-growing economy in the world by 2023

The country is set to achieve remarkable economic growth of 7% this year, making it the 5th fastest growing economy in the world by 2023, according to a report by the International Monetary Fund, IMF. The figures reflect the optimistic projections previously released by the Mozambican government, which had already revised growth expectations upwards, surpassing the initial target of 5% set in the Economic and Social Plan and State Budget (PESOE) for 2023.
The IMF’s analysis endorses the government’s optimistic view, reaffirming the forecast of 7% growth in Gross Domestic Product (GDP), solidifying Mozambique’s position as the country with the highest economic growth in sub-Saharan Africa this year. This rate is more than double the average of the 46 countries in the region, estimated at 3.3%.

The prominence of Mozambique’s economic performance places the country at the top of the list of the most dynamic African economies in 2023, behind only Libya, which projects a remarkable growth of 12.5%, recovering from a sharp drop of -9.6% in 2022, according to the report.
Mozambique’s leading position in sub-Saharan Africa is confirmed by the report, which ranks the country ahead of significant economies such as the Democratic Republic of Congo (DRC), Ivory Coast, Rwanda and Ethiopia, forming the regional top five with growth rates ranging from 6.7% to 6.1%.
In comparison, other major African economies show more modest growth, with Nigeria estimated at 2.9%, Angola at 1.3% and South Africa at 0.9%. In the context of the Community of Portuguese Speaking Countries (CPLP), Guinea-Bissau and Cape Verde outperform the region’s average, while São Tomé and Príncipe and Equatorial Guinea face challenges with growth rates of 0.5% and -6.2%, respectively.

Globally, Mozambique’s economic performance also stands out. If the IMF’s forecasts are confirmed, the country will be the second fastest growing economy on the continent, behind only Libya. Internationally, Mozambique ranks among the top five rising economies, along with Guyana, Samoa, Fiji and Armenia, with all economies projected to grow at an impressive rate of 7%.
This economic performance by Mozambique, well above the world average of 3%, and outperforming even major powers such as China and India, signals a promising scenario for the country. Robust growth reinforces Mozambique’s position as an important player on the global economic scene, attracting the attention of investors and highlighting the country’s potential to drive sustainable development in the region.

Global Gateway: “Moçambique deve priorizar sustentabilidade e adoptar estratégia justa na transição energética”, afirma Mayra Pereira

A urgência na transição energética para mitigar os impactos das mudanças climáticas coloca Moçambique diante da necessidade imperativa de implementar a sustentabilidade. O caminho recomendado inclui a ampla adopção de energias renováveis, a redução das emissões de carbono e a implementação de uma legislação transparente e equitativa.

O Governo moçambicano, em colaboração com a comunidade internacional e o sector privado, está empenhado em encontrar soluções acessíveis para cumprir metas e facilitar a transição. Mayra Pereira, presidente da Associação Lusófona de Energias Renováveis (ALER), enfatizou que, embora existam diversas opções de energias renováveis, o país enfrenta desafios fundamentais relacionados à sustentabilidade. Desta forma, é crucial adoptar uma estratégia justa e equilibrada para assegurar que nenhum elemento essencial seja negligenciado durante esse processo.

Durante sua participação no painel “Catalisando uma Transição Energética” no Fórum de Investimento Global Gateway Moçambique – União Europeia (UE), Pereira destacou a importância das acções colectivas na preservação do planeta, sublinhando que Moçambique deve liderar na geração e disseminação de conhecimento sobre a transição energética, considerando-a vital para o desenvolvimento nacional.

Marcelina Mataveia, directora de Energia do Ministério dos Recursos Minerais e Energia (MIREME), ressaltou que Moçambique enfrenta desafios relacionados à segurança energética, modernização, acesso deficitário à energia e mudanças climáticas. Esses obstáculos, de certa forma, têm retardado o desenvolvimento das estratégias aprovadas. Mataveia enfatizou a necessidade de mais incentivos para acelerar o plano nacional e promover o desenvolvimento da matriz energética, enquanto o governo trabalha na implementação de uma legislação favorável.

“Moçambique possui um vasto potencial de energia limpa, incluindo hídrica, solar, eólica e gás natural. Esses recursos desempenharão um papel crucial na transição energética e no desenvolvimento económico, promovendo a inclusão e reduzindo as emissões de carbono”, afirmou Mataveia.

Ela concluiu destacando que a transição implica uma mudança direccionada para o caminho certo em termos energéticos, ressaltando a importância de normas que garantam confiabilidade e modernidade em todos os níveis.

O Fórum Global Gateway, sob o tema “Criando Oportunidades de Negócios”, acontece nos dias 22 e 23 de Novembro, com 14 painéis de discussão. O evento, organizado pelo Governo de Moçambique, a Delegação da UE e a Associação das Câmaras de Comércio Europeias (EUROCAM), reúne partes interessadas dos sectores público e privado nacional e europeu. O objectivo é explorar estratégias para atrair investimentos de qualidade, impulsionando o comércio entre Moçambique e o mercado europeu, no âmbito da Estratégia Global Gateway da União Europeia.

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