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**Mozambique's instant payment system, Metix, is gaining traction among banking customers. In just seven months, the average number of daily transactions has quadrupled, rising from 3,000 to approximately 12,000, according to figures released by the Bank of Mozambique.**
Mozambique's Parliament approved a revision to the 2026 Economic and Social Plan and State Budget (PESOE) on Saturday, 24 October, increasing public expenditure from 520.6 billion to 524.2 billion meticais. The amendment incorporates additional revenue from natural gas production and was passed with the support of the ruling Frelimo party, while all three opposition parties voted against it.
Mozambique's National Social Security Institute (INSS) could allocate up to 25% of its investment portfolio to the Mozambique Development Bank (BDM), under financing mechanisms established by the legislation governing the new financial institution. The investment would be implemented gradually, without compromising INSS's ability to meet its obligations to beneficiaries.
The government of Mozambique’s Tete province has distributed 180 head of cattle to farmers in the districts of Angónia, Tsangano and Macanga, as part of an initiative aimed at increasing agricultural production, reducing farming costs and improving the livelihoods of 120 rural families.
The Mozambican Government has acknowledged to the International Monetary Fund (IMF) that it is facing liquidity constraints in the State Treasury, affecting the full implementation of the State Budget and the timely fulfilment of public debt servicing obligations.
Letshego Bank has announced a five-year expansion plan in Mozambique, aiming to surpass 500,000 customers through greater financial inclusion, modernisation of banking services and investment in digital transformation.
A €500 million credit facility announced by the Portuguese Government to support investment by Portuguese companies in Mozambique has yet to become fully operational, ten months after Prime Minister Luís Montenegro unveiled the initiative during the 6th Portugal-Mozambique Summit, held in Porto in December 2025.
Mozambican President Daniel Chapo on Wednesday, 14 October, called for 487 enterprises operating under public-private partnerships (PPPs), large-scale projects and business concessions to be listed on the Mozambique Stock Exchange (BVM), allowing Mozambican citizens to acquire shares and participate directly in the ownership of these companies.
The Bank of Mozambique has extended by another six months the requirement for exporters to convert 50% of their export earnings into the national currency, in a move aimed at increasing foreign currency availability within the financial system. The decision took effect on 9 October, extending the exceptional regime introduced in April 2025.
The Bank of Mozambique is preparing a platform to monitor foreign exchange market transactions in real time, with the aim of strengthening transparency and reducing information asymmetries among economic agents.
The Mozambican Government is preparing new rules that will require public institutions to regularly disclose information on the use of state funds, public debt and the implementation of the State Budget. The measures are part of a public financial management reform scheduled to be implemented by 2035, aimed at strengthening transparency and oversight of public spending.
The Mozambican Government plans to train at least 1,000 agribusiness entrepreneurs each year through an incubation programme expected to be launched later in 2026.
The World Bank forecasts a rise in prices in Mozambique throughout 2026, at a time when the country’s economy is expected to grow by only 0.6%.
A Mozambican businessman has been sentenced to 11 years and three months in a United States federal prison in connection with an international money laundering conspiracy.
The Governor of the Bank of Mozambique, Felisberto Navalha, has moved ahead with new measures aimed at stimulating the economy, using mandatory reserves to create financing opportunities for productive sectors, particularly companies with the capacity to export and replace imports.
The Mozambican Government has acknowledged that difficulties in accessing foreign currency affected economic performance and state revenue collection during the first half of 2026, at a time when businesses continue to report constraints in carrying out imports, international payments and transfers abroad.
Mozambique’s Ministry of Finance has suspended procurement procedures for the purchase of vehicles by the Constitutional Council, valued at around 49.5 million meticais, following public criticism and to allow for a technical review of the process.
Nearly 500,000 elderly people received support through Mozambique’s Basic Social Subsidy Programme during the first half of 2026, out of around 700,000 people covered by the programme across all districts of the country.
The Bank of Mozambique has warned that delays in the payment of domestic and external public debt continue to affect the functioning of the financial system, reducing demand for government securities and increasing pressure on the money and interbank markets.
