AGP Executive Report

Ports and Trade: President Daniel Chapo has launched a $150 million dredging project to let larger vessels reach Maputo Port. The port handled about 32 million tonnes of cargo in 2025, and the works form part of a wider $2 billion programme to expand and modernise port infrastructure. Regional Energy Links: A new pipeline pumping model now sends fuel from Beira directly to Harare, bypassing Feruka or splitting deliveries between the two destinations. Operators say the added flexibility strengthens the Beira Corridor’s role in regional fuel supply. Public Finance: Mozambique plans to introduce AI and data analytics into treasury, debt and state-asset management, as part of its public finance reforms through 2035. Business Cooperation: Mozambique and the Republic of Congo have signed cooperation agreements covering hydrocarbons, fisheries, maritime affairs and small businesses, with Chapo urging the two countries to turn political ties into trade, investment and jobs. Debt Risks: The World Bank lists Mozambique among countries facing acute debt vulnerabilities and says restoring debt sustainability remains a pressing challenge.

Public Finance: Mozambique is among the countries facing acute debt vulnerabilities, the World Bank says, calling for measures to restore debt sustainability. The government also plans to use AI and data analytics in treasury, debt and state-asset management. Energy Trade: Botswana’s first diesel shipment from Oman arrived at Matola Port, opening a new supply route and involving Mozambique’s PetroMoc and logistics partners. Regional Business: President Daniel Chapo’s visit to Congo produced cooperation agreements covering hydrocarbons, fisheries, maritime activity and small businesses, with a push to turn political ties into trade and jobs. Digital Payments: PawaPay secured a Mozambican payment-service licence, enabling direct access to mobile-money networks. Logistics: Mozambique’s regulator is pushing postal-sector reform as e-commerce grows, citing informal deliveries and the need for better technology and wider coverage.

Energy Trade: OQ Trading delivered its first 20 million litres of diesel to Botswana via the Port of Matola, opening an alternative supply route with help from Mozambique’s PetroMoc. Regional Business: Mozambique and Congo signed about ten cooperation agreements covering hydrocarbons, SMEs, fisheries, forestry and maritime activity, with leaders urging stronger trade and investment ties. Ports & Logistics: Maputo Port is dredging its channels to accommodate larger vessels and expand its role in regional trade. Digital Commerce: Mozambique’s regulator is pushing to modernise postal services as e-commerce grows, citing unlicensed parcel delivery and gaps in consumer protection. Mining Finance: Syrah Resources expects a smaller US development-finance disbursement for its Balama graphite project this month, while documents for a wider funding package have slipped to next year. Mineral Investment: Abu Dhabi’s IRH has made a takeover proposal for Mozambique-focused miner Kenmare, sending its shares higher. Payments: PawaPay has secured a Mozambican payment-service-provider licence, giving it direct access to mobile-money networks.

Mining Finance: Syrah Resources expects a smaller US development-lender disbursement for its Balama graphite business this month, but binding documents for a wider funding package have slipped into next year. Trade Infrastructure: Maputo Port is dredging its channels to handle larger vessels and cargo, aiming to expand capacity and strengthen regional trade. Jobs and Enterprise: A government and IFAD programme will train 2,650 young people, half of them women, in fisheries and aquaculture, with starter kits to help launch businesses. Investment Links: An Italian delegation explored cooperation in energy, agriculture and infrastructure in Tete, including potential collaboration on the Mphanda Nkuwa project. Digital Payments: PawaPay has secured a Mozambican payment-service-provider licence, opening direct access to local mobile-money networks. Economic Outlook: The government has lowered its 2026 growth forecast to 0.9% and announced a plan to settle 81.3 billion meticais in supplier arrears.

Ports and Trade: Maputo Port is dredging its channels to accommodate larger vessels and boost cargo capacity, strengthening its position in regional and international trade. Fisheries and Jobs: A new programme will train 2,650 young people in fisheries and aquaculture businesses across 38 districts; half the places are reserved for women, and graduates will receive work kits. Economic Outlook: The government has cut its 2026 growth forecast to 0.9% and announced a plan to pay 81.3 billion meticais owed to suppliers. Digital Finance: PawaPay has secured a Mozambican payment-service-provider licence, giving it direct access to mobile-money networks. Mining Investment: Abu Dhabi’s XRG has shown interest in titanium producer Kenmare, putting Mozambique’s mining sector in focus for international investors.

Investment: The US Development Finance Corporation plans to expand equity investments in African businesses, with critical minerals a priority. Its more than $14 billion in African commitments include projects linked to Mozambique’s graphite sector. Payments: PawaPay has secured a Bank of Mozambique licence, allowing it to connect merchants directly to the country’s mobile-money networks. Growth and Finance: The government has cut its 2026 growth forecast to 0.9%, while the central bank announced financing mechanisms to boost company credit. The government also plans to repay 81.3 billion meticais owed to suppliers. Trade Corridors: A $174,000 contract will fund a digital system to track cargo and delays along the Beira Corridor, linking Mozambique’s port with regional markets. Regional Partnerships: Mozambique and Congo signed 10 cooperation agreements covering oil and gas, maritime activity, tourism and small businesses; President Daniel Chapo urged companies to pursue joint ventures.

Digital Payments: PawaPay has secured a Bank of Mozambique licence to connect merchants directly with the country’s mobile-money networks, opening a regulated route to serve more businesses. Growth and Public Finance: The government has lowered its 2026 GDP growth forecast to 0.9% and says it plans to repay 81.3 billion meticais owed to suppliers; the central bank has also announced financing measures to expand credit to companies. Trade Corridors: A US$174,000 contract will fund a digital platform to track cargo and identify delays along the Beira Corridor, a key route linking Mozambique with neighbouring markets. Energy and Minerals: Abu Dhabi’s IRH has proposed taking over Kenmare Resources, owner of the Moma titanium mine, drawing fresh attention to Mozambique’s mineral assets. Regional Business: Mozambique and the Republic of the Congo signed 10 cooperation agreements covering oil and gas, maritime activity, tourism and small businesses, with President Daniel Chapo urging companies to pursue joint ventures.

Digital Payments: PawaPay has secured a Bank of Mozambique licence to onboard merchants directly and connect them to the country’s three mobile-money networks, which have more than 12 million active accounts. Regional Business: Mozambique and the Republic of the Congo signed 10 cooperation agreements, covering oil and gas, maritime trade, tourism and small businesses; President Daniel Chapo also urged companies to pursue joint ventures. Mining Investment: Abu Dhabi-based IRH has offered to acquire Kenmare Resources, which operates the Moma titanium mine. Port Development: Mozambique expects to choose a private operator for Nacala by March, aiming to attract investment and boost cargo traffic; scrutiny is also on the commercial and political systems around the port. Economic Outlook: The government has revised its GDP growth forecast down to 0.9%, while the central bank has announced financing mechanisms to help companies access credit.

Digital Payments: PawaPay has won a Bank of Mozambique licence to onboard merchants directly and connect them to the country’s three mobile-money networks, which together have more than 12 million active accounts. Nacala Port: The government plans to select a private operator by March 2027, aiming to attract investment and raise cargo traffic. But the port’s challenges extend beyond operations: a commercial dispute involving about $150 million in agricultural commodities is now before arbitration, with allegations against Mozambique not yet settled. Mining: Abu Dhabi’s IRH has made a takeover offer for Kenmare Resources, operator of the Moma titanium mine, as Mozambique negotiates an extension of the company’s mineral-processing and export rights. Regional Business: Mozambique and the Republic of the Congo signed 10 cooperation agreements spanning oil and gas, maritime activity, tourism and small businesses; Botswana and Mozambique also agreed to elevate their partnership to a presidentially chaired Binational Commission. Investment and Energy: Tete hosted an investment conference promoting opportunities in mining, agriculture, energy, tourism and logistics. Separately, UK-backed funding for clean-energy projects across eight African countries includes Mozambique.

Mining: Abu Dhabi-based IRH has offered to acquire Kenmare Resources, which operates Mozambique’s Moma titanium mine. The proposal comes as Kenmare negotiates an extension of its mineral-processing and export rights with the government. Economic Outlook: The government has cut its 2026 GDP growth forecast to 0.9%, from 2.8%, citing floods and economic shocks. El Niño could add pressure, with rainfall deficits expected in southern and central regions. Business Finance: The Bank of Mozambique is introducing 18-month financing mechanisms to encourage lending to firms expanding exports and replacing imports. Banks can offset eligible new loans against required reserves. Payments: PawaPay has secured a central bank licence to onboard merchants directly, opening a regulated route into a mobile-money market with more than 12 million active accounts. Public Finances: The government plans to address 81.3 billion meticais in unpaid obligations, including supplier arrears, and prevent new debts from accumulating. Agriculture: Cashew smuggling cost the state 457 million meticais over three years, with about 35,000 tonnes diverted from formal trade.

Growth Outlook: Mozambique has cut its 2026 GDP growth forecast to 0.9%, from 2.8%, as flooding and economic shocks weigh on activity. The government says it is pursuing a recovery plan, while El Niño could bring further disruption. Public Finances: The government plans to validate and address 81.3 billion meticais in supplier debt, including annual payments of 6 billion meticais to small suppliers, and introduce controls to prevent new arrears. Business Credit: The central bank has launched 18-month financing measures to encourage lending to companies that expand exports or replace imports, backed by a mutual guarantee fund. Trade: Cashew smuggling cost the state 457 million meticais over three years, with about 35,000 tonnes diverted from formal channels, the agriculture minister says. Climate Finance: The EU has raised $47 million to support Mozambique’s climate response and access to sustainable energy.

Mining Finance: Syrah Resources has secured a binding US government loan for its Balama graphite mine, with the earliest disbursement expected in November. The funding eases near-term pressure, though production, Mozambique policy and customer qualification remain key tests. Gas Investment: Mozambique is seeking deeper cooperation with Russian firms including Gazprom and NOVATEK to develop gas fields, boost LNG exports and train local specialists; Russian companies have also expressed interest in Rovuma Basin projects. Moma Takeover: Kenmare Resources, which operates the Moma titanium mine, has received a preliminary cash acquisition proposal from IRH. No price or terms have been disclosed, and IRH has until November 17 to make a firm offer or walk away. Public Finance: The government plans annual allocations of MZN6bn to repay small-business suppliers and MZN6.4bn to fund its Development Bank, even as reported supplier arrears stand at MZN81.3bn. Trade Links: Malawi, Mozambique and Zambia are setting deadlines and responsibilities for Nacala Corridor projects, including the Chipata–Serenje railway connection and work on agricultural standards.

Public Finances: Mozambique plans to spend MZN6bn a year repaying suppliers, against MZN6.4bn annually for five years to capitalise a new development bank. The state’s reported supplier obligations stand at MZN81.3bn, leaving businesses short of working capital even as the bank aims to offer affordable, long-term loans. Mining Investment: Kenmare has confirmed a preliminary, non-binding cash takeover proposal from Abu Dhabi’s IRH for the company, which operates the Moma titanium mine. IRH has until 17 November to make a firm offer or walk away; Kenmare says 97% of its workforce is Mozambican. Gas Sector: Mozambique wants to deepen cooperation with Russian firms including Gazprom and NOVATEK on gas development and training local specialists, as it seeks to raise LNG production and exports. Transport: The government is promoting coastal shipping as a more competitive way to move goods, using the country’s 2,700-kilometre coastline to ease pressure on roads and strengthen regional logistics. Agribusiness: Nampula’s governor has pitched the province’s oilseed, edible-oil processing and agro-industrial opportunities to Indian investors.

Mozambique National Dialogue: Mozambique’s Inclusive National Dialogue has moved to consolidating proposals after diaspora public hearings ended, with 10 working groups now organising inputs from citizens abroad across nine countries. Energy & Investment: Mozambique’s Nampula Province is pitching Indian and international investors on oilseed cultivation and edible oil processing, as Asia-Africa agribusiness talks in Mumbai highlight trade and technology partnerships. Mining & Takeovers: Kenmare Resources confirmed it received a non-binding buyout proposal from Abu Dhabi’s IRH, keeping talks open as the company runs Mozambique’s Moma titanium mine. Crime & Finance: A Mozambican businessman, Norolamin Gulam, was sentenced in the US to 135 months for money laundering linked to drug proceeds, with the case tied to the Homeland Security Task Force. Security & Economy: Islamic State Mozambique has increased attacks in Cabo Delgado districts, tightening security and constraining commercial and humanitarian activity. Regional Trade Risk: EU suspended Namibian beef imports over foot-and-mouth fears, a reminder of how disease outbreaks can quickly disrupt southern African export earnings.

Mozambique National Dialogue: Mozambique’s Inclusive National Dialogue has moved into proposal consolidation after diaspora public hearings, with 10 working groups now organizing inputs across nine countries and reform scenarios spanning constitutional, moderate and adjustment options. Energy & investment: Africa Energy Week (AEW) 2026 opens in Cape Town on Oct 12-16, promising deal-focused forums across upstream, finance, additions, and downstream/petrochemicals. Agribusiness push: Nampula is courting Indian investors via the Asia Africa Agri Alliance, pitching oilseed cultivation and edible oil processing to build regional value chains. Mining takeover watch: Kenmare Resources confirmed a non-binding cash offer proposal from Abu Dhabi’s IRH, sending shares sharply higher; talks continue with an Irish rules deadline of Nov 17. Trade shock: The EU suspended imports of Namibian beef after foot-and-mouth disease, threatening jobs and exports across southern Africa including Mozambique. Finance & governance: A Mozambican businessman, Norolamin Gulam, was sentenced in the US to 135 months over a money-laundering conspiracy linked to drug proceeds. Transport pressure: Fuel shortages are driving up bus fares and pushing commuters to hitch rides and black-market fuel.

Mozambique Energy & LNG: TotalEnergies says Mozambique LNG momentum is back, framing the project push around local jobs, skills and supplier participation, not just cargoes and revenues. ENH Leadership: Mozambique’s national hydrocarbons company ENH is entering a “consequential chapter” under Rudêncio Morais, with a focus on strengthening commercial capability and expanding domestic gas infrastructure. Insurance & Risk Finance: A new regional outlook argues East and Southern Africa’s insurance penetration is still tiny, leaving households, SMEs and infrastructure underprotected and calling for stronger cross-border risk-financing. Mining & Corporate Moves: Kenmare Resources confirms ongoing talks with International Resources Holdings over a possible cash offer; the company runs the Moma titanium mine in northern Mozambique. Fuel Crisis Spillover (Malawi): Malawi’s fuel shortage is driving bus fares sharply higher and pushing commuters to hitch rides, highlighting how transport costs can quickly hit small businesses. Regional Security Cooperation: Tanzania and Mozambique opened a joint defence and security commission meeting in Dar es Salaam, with border protection and immigration management on the agenda. Mozambique LNG Supply Chain: Separate reporting notes LNG market shifts and supplier diversification pressures that could affect regional gas trade dynamics.