Year In Review

Getting Better

Mozambique hit new bumps on its economic journey over the last year, including currency devaluation and inflation, yet the long-term prospect of a major LNG export business could bring about the investment the country needs.

Review: Diplomacy

Fortifying the Bridges

Following the implementation of strategic socioeconomic reforms, Mozambique has a long list of allies that are happy to do business and lend a helping hand during tough times.

Profile

Filipe Jacinto Nyusi, President, Mozambique

Filipe Jacinto Nyusi, President of Mozambique

Guest Speaker

José Eduardo dos Santos, President, Angola

José Eduardo dos Santos, President of Angola, speaks on the countries' shared future, bilateral relations, and developing the economy.

Focus: Mozambique declared free of landmines

Mine Free

Mozambique, once considered one of the most mine-affected countries in the world, has been declared free of landmines.

Guest Speaker

Jacob Zuma, President, South Africa

Jacob Zuma, President of South Africa, on Mozambique's special history, strengthening economic relations, and the two countries' role in the region and continent.

Guest Speaker

Aníbal Cavaco Silva, Former President, Portugal

Aníbal Cavaco Silva, Former President of Portugal, on political and economic links, the importance of common goals, and the uniqueness of the countries' relationship.

Review: Economy

Much to Gain

Despite numerous years of considerable economic growth, Mozambique has been unable to retain its wealth and bring more than half of its population out of poverty. Developing one of the world's largest gas reserves and becoming a regional exporter of energy may be the solution.

Interview

Lourenço Sambo, Director General , Investment Promotion Centre (CPI)

TBY talks to Lourenço Sambo, Director General of Investment Promotion Centre (CPI), on cutting back on red tape, attracting FDI, and the booming agricultural sector.

Focus: Women Empowerment

Double up

Mozambique's public and private sectors are working together to promote female empowerment at the business level.

Interview

Jorge Mondlane, President & CEO, FirstMetical

TBY talks to Jorge Mondlane, President & CEO of FirstMetical, on the up-and-coming private sector in Mozambique, tough challenges facing startups, and mobilizing the youth in the country.

Interview

Jose Parayanken, President, Mozambique Holdings Limited (MHL)

TBY talks to Jose Parayanken, President of Mozambique Holdings Limited (MHL), on expanding the country's infrastructure, improving water provision, and corporate growth strategies for the future.

Interview

Rui Barros, CEO and Executive Board Member, Barclays Mozambique

TBY talks to Rui Barros, CEO and Executive Board Member of Barclays Mozambique, on innovation and the company's unique offers for customers in Mozambique.

Focus: Cashless mini ATMs

Card Sharp

Financial inclusion is still low in Mozambique, but a program to install cashless mini ATMs could provide a solution for improving financial access, especially in rural areas.

Review: Capital Markets

Liquid Flows

Though reports of the government's restructuring of the country's so-called 'Tuna Bond' occupied most of the financial headlines in 2015, market indicators reflected a year of much-needed growth in the country's capital markets.

Focus: Depreciation of the metical

The other side of the coin

The depreciation of the metical could be seen as a great opportunity for export promotion and import substitution.

Review: Insurance

Insure Enough

The Mozambique insurance industry is sitting tight, anxious for the coming online of megaprojects and the resultant trickle downstream. Despite delays on that front, however, insurers are still posting solid growth figures.

Interview

Aldo Tembe, CEO, Moçambique Previdente

TBY talks to Aldo Tembe, CEO of Moçambique Previdente, on recent successes, challenges facing the company, and aspirations for 2016.

Interview

Mufaro Chauruka, Managing Director, Moçambique Resseguros (MOZRE)

TBY talks to Mufaro Chauruka, Managing Director of Moçambique Resseguros (MOZRE), on building the necessary resources, increasing competition, and expectations for the year ahead.

Interview

Celso Raposo, Managing Director, Global Alliance Seguros

TBY talks to Celso Raposo, Managing Director of Global Alliance Seguros, SA, on the challenging year for business, the oil and gas hype, and opportunities in the sector.

Focus: Motor insurance

Cover Up

Insurers are increasing their scope to cater to the growing automobile insurance market, especially with manufacuturers rolling out more vehicles.

Interview

Simone Volpi, Managing Director, Orlean Invest

TBY talks to Simone Volpi, Managing Director of Orlean Invest, on expanding into Mozambique, working on the largest real estate project in Africa, and upcoming exciting projects for the company.

Focus: Mphanda Nkuwa Dam project

Rising tide

The Mphanda Nkuwa Dam project will have a profound effect on the Mozambican energy sector, despite much of the generated electricity being sent for export.

Focus: Renewables

Moral support

80% of the Mozambican population does not have access to the grid. Power generation using renewable sources has a large potential in the country but is in need of clear regulatory framework.

Review: Mining

Get me to the port

Mozambique's vast mineral reserves have yet to be fully explored and hold great potential; however, falling investment and infrastructural issues are holding the industry back.

Interview

Chandra Singh, Country Head , Jindal Africa

TBY talks to Chandra Singh, Country Head of Jindal Africa, on branching out into power generation, CSR initiatives, and the impact of restructuring.

Interview

Hon. Jorge Olívio Penicela Nhambiu, Minister, Science and Technology, Higher and Technical Vocational Education (MCTESTP)

TBY talks to Hon. Jorge Olívio Penicela Nhambiu, Minister of Science and Technology, Higher and Technical Vocational Education (MCTESTP), on bringing science and technology to rural areas and increasing research in the country.

Focus: E-government + E-bau

Digital Decisions

Between 2015 and 2016, Mozambique fell five positions in the World Bank's Ease of Doing Business Index. The government is investing in the GovNET and e-BAU platforms to facilitate procedures and cut the costs of acquiring business licenses and improving services provided to the public.

Interview

Nândio D. Durão, General Manager, Howard Johnson Call Centre,

TBY talks to Nândio D. Durão, General Director of Howard Johnson Call Centre, on its recent performance, the state of its human resources, and the impact of government policies.

Review: Media

Spreading the word, slowly

Mozambique's media landscape is dominated by state-led outlets, which have the resources to offer large coverage. Unsurprisingly, given widespread illiteracy, radio is the primary source of news and information for most Mozambicans.

Interview

Nuno Lima, CEO, Dalima

TBY talks to Nuno Lima, CEO of Dalima, on differentiation strategies, recent trends, and expansion plans.

Interview

Emanuel Chaves, Chairman and CEO, Aeroportos de Moçambique (ADM)

TBY talks to Emanuel Chaves, Chairman and CEO of Aeroportos de Moçambique (ADM), on boosting air travel, promoting competition, and the role the air cargo sector plays in Mozambique.

Focus: Ring Road

Flat circle

At 60km in length, with seven bridges and three junctions, the new Maputo ring road promises to transform the urban environment.

Interview

António Capucho Paulo, Country Manager, Skynet

TBY talks to António Capucho Paulo, Country Manager of Skynet, on the company's infrastructure across Mozambique, the benefits of e-commerce, and possible scenarios for the future.

Interview

Agnaldo Laice, Country Manager, DHL

TBY talks to Agnaldo Laice, Country Manager of DHL, on its strategy for 2020, Mozambique's emerging growth, and the pressing issues that need to be tackled in the country.

Interview

Felix Martins, Managing Director, Odebrecht Infrastructure

TBY talks to Felix Martins, Managing Director of Odebrecht Infrastructure, on investing in people, its upcoming projects in agriculture, and being socially responsible.

Interview

Carla Borges, Executive Director, Nadhari Opway

TBY talks to Carla Borges, Executive Director of Nadhari Opway, on the firm's work in Mozambique and the state of the construction sector.

Focus: Katembe District

Connect the dots

Katembe Bridge will connect Maputo city with the new Katembe area, a district that will become home to up to 400,000 people over the coming two to three decades.

Interview

Tiago Mendonça,, Managing Partner, mzBetar Engenheiros e Consultores (BETAR)

TBY talks to Tiago Mendonça, Managing Partner of mzBetar Engenheiros e Consultores (BETAR), on the new urban development project in Maputo and creating a new city entirely from scratch.

Review: Real Estate

If you build it

A growing and urbanizing population is the main force behind the residential sector as its predominantly youthful population begin to look for houses of their own. A lack of high-end stock is also driving up prices in major cities.

Interview

Salim Bitar, Hospitality and Real Estate CEO, Aujan Group Holding

TBY talks to Salim Bitar, Hospitality and Real Estate CEO of Aujan Group Holding, on the evolution of the real estate business and the range of its developments.

Review: Agriculture

Room for more

Investment in Mozambique's agriculture sector has increased over the years, and while this has resulted in some breakthroughs, productivity remains low and hunger widespread.

Interview

Hon. Agostinho Salvador Mondlane, Minister, Sea, Inland Waters, and Fisheries

TBY talks to Hon. Agostinho Salvador Mondlane, Minister of the Sea, Inland Waters, and Fisheries, on the diversity of the country's fishing sector, future opportunities, and protecting the ocean.

Interview

Hon. José Condugua Pacheco, Minister, Agriculture and Food Security

TBY talks to Hon. José Condugua Pacheco, Minister of Agriculture and Food Security, on promoting foreign investment, small farm holders, and how to move the sector forward.

Interview

Pedro Moura, CEO and Board Member , Portucel Moçambique

TBY talks to Pedro Moura, CEO and Board Member of Portucel Moçambique, on the largest nursery on the African continent and responsible land management.

Focus: Cashew Nut Industry

Mozambique’s Cashew Field of Dreams

Mozambique was the largest producer of cashew nuts in the 1970s. Today, the industry needs a push to reach those levels.

Focus: Special Economic Zones for Agriculture

Growth spurt

With the government becoming increasingly accommodating to agriculture ventures by both locals and international investors, the country's sector is on track to take off in the coming years.

Review: Health

Time for a check-up

Mozambique's healthcare budget rose to $561.5 million in 2015, an increase of 1.1% on expenditure in 2014, accounting for 10.2% of the state budget. Total healthcare expenditure in 2014 was $477.5 million. The Ministry for Health oversees the sector and is responsible for setting the budget each year.

Interview

Dr. João M. Carvalho Fumane, Director General , Hospital Central de Maputo (HCM)

TBY talks to Dr. João M. Carvalho Fumane, Director General of Hospital Central de Maputo (HCM), about the range of services on offer and what is being done to further excellence in the health sector

Focus: Pharmaceuticals

Challenge acceptance

The pharmaceutical industry in Mozambique faces serious challenges in terms of procurement, distribution, and storage, which equate to abundant opportunities for investment.

Review: Education

Read on

Increasing attendance and focused funding provide Mozambique with hope for the future of its education sector, which is currently beset with a number of complicated issues.

Interview

Hon. Jorge Ferrão, Minister, Education and Human Development

<span style="line-height: 1.6em; background-color: initial;">TBY talks to Hon. Jorge Ferrão, Minister of Education and Human Development, on the goals of the ministry, the role of local languages, and tackling teacher absenteeism.</span>

Interview

Prof. Doctor João Leopoldo da Costa, Rector, Instituto Superior de Ciências e Tecnologia de Moçambique (ISCTEM)

TBY talks to Prof. Doctor João Leopoldo da Costa, Rector of Instituto Superior de Ciências e Tecnologia de Moçambique (ISCTEM), on the perils of the internet on education and the quality of its high school.

Interview

Dr. Joseph M. Wamala, Rector, University of St. Thomas of Mozambique (USTM)

TBY talks to Dr. Joseph M. Wamala, Rector of the University of St. Thomas of Mozambique (USTM), on expanding the institution, new programs, and competition in the sector.

Focus: State Primary Teacher Program

Are you experienced?

This year, the government will introduce a new model to educate primary school teachers in hopes of reducing poverty and advancing democracy.

Review: Tourism

Mozambeach

With white-sand beaches, scuba diving, and game reserves among its wide range of accommodation, Mozambique is a goldmine for tourism. However, to attract the number of tourists the country is aiming for, and entitled to, it will have to compete with its considerably more popular neighbors.

Interview

Hon. Silva Armando Dunduro, Minister, Culture and Tourism

TBY talks to Hon. Silva Armando Dunduro, Minister of Culture and Tourism, on making the most of the country's attractions, projects in the pipeline, and future expectations.

Focus: Luxury Tourism

White Sand and Turquoise Waters

Mozambique is located in one of the African continent's most popular regions for luxury tourism, and the country is trying to attract a greater share of the action.

Photo Essay: Ponta do Ouro

Beside The Sea

Ponta do Ouro is famous for its diving, with crystal blue waters full of dolphins, turtles, and mantas. The town is also popular with surfers making the trip from Maputo or over the border in South Africa.

Interview

Albino Celestino Mahumana, Director General , Mozambique Tourism Authority (INATUR)

TBY talks to Albino Celestino Mahumana, Director General of the Mozambique Tourism Authority (INATUR), on initiatives to boost tourism and making Mozambique a luxury destination.

Review: Doing Business

Make it happen

A pithy yet pivotal briefing on key facts the business visitor should know before arriving in the country—how to deal with red tape, regulation, and day-to-day etiquette when working in Mozambique.

Review: Legal

Smart Choices

Foreign investments are sources of capital, foreign exchange, and technical know-how for developing countries such as Mozambique. Over the past three decades, Mozambique has been successfully striving to ensure a favorable legal framework for foreign private investment.

Interview

Eduardo Alberto Calú, Managing Partner, SAL & Caldeira Advogados

TBY talks to Eduardo Alberto Calú, Managing Partner of SAL &amp; Caldeira Advogados, on upcoming changes to local legislation, the firm's competitive advantage, and working with foreign clients.