Discoveries of substantial coal and gas reserves in Mozambique are changing the pace of economic development in the country. While Mozambique has been exporting gas for a decade, these new developments are increasing yields from its rich natural resource base.
Mozambique at a glance

Mozambique has achieved strong growth during the last decade. It is enjoying increasing inflows of foreign direct investment, mostly focused on extractive industries. The government is ramping up infrastructural development to support this growth, as well as ensuring that all the people of Mozambique benefit from rising income and a declining reliance on foreign aid.

Its poverty reduction programme is working to increase agricultural production, develop small and medium-sized enterprises (SMEs) and invest in human and social development. It is also widening its social safety nets to help cushion Mozambicans from the effects of inflation, although this remains moderate.

Quick view:

  • Population: 25 200 000
  • Nominal GDP: USD16.1 billion
  • Real GDP growth: 7.2%
  • CPI: 3.3%

* 2015 forecast

Sector expertise in Mozambique

Coal mining is a key sector in the Mozambican economy and the Corporate and Investment Banking team is able to support our clients across the mining and metals sector. Standard Banks is also able to provide financial services across the full value chain, by drawing on the full capabilities of Standard Bank across retail and business banking.

There are extensive gas reserves and the export of gas is having an impact on developments in power and infrastructure. Standard Bank has the experience to support clients in developing and financing facilities across the sector, including ports, rail networks and airports, and electricity developments across coal and gas generation.

Standard Bank is a major player in the telecommunications sector, supporting two of the three major mobile operators. We are also the main banker for most of the major corporations in Mozambique across local companies and multinationals in the diversified industries space, and support the needs of parastatals and international development groups in Mozambique.

Read more about Standard Bank Group’s sector specialism.

Products and services in Mozambique

Standard Bank is deeply committed to Mozambique and to the transformation of their country and its economy, leveraging our balance sheet to support development and growth.

Our Corporate & Investment Banking (CIB) business comprises four distinct business units:

  • Corporate banking – responsible for our relationships with our CIB clients, and coordinating our in-country and group product and sector specialists to provide working solutions for your business
  • Global Markets – primarily responsible for currency trading and liquidity management, but also for providing currency and interest rate hedging and other derivatives. They are supported by Standard Bank Group’s Global Markets teams based primarily in Johannesburg, New York and London
  • Investment Banking – responsible for the full spectrum of investment banking services, including project finance, syndications, structured trade, corporate finance, and equity and debt capital markets. They are supported by the Group’s Investment Banking teams based primarily in Johannesburg and London
  • Transactional Products & Services (TPS) – responsible for the full spectrum of transactional banking, and trade products and services, including investor services (custody and asset management), electronic banking, and vanilla trade products and services (including letters of credit, bank guarantees, as well as payments to and from abroad). They are supported by the Group’s Investor Services, TPS and trade specialists based primarily in Johannesburg and London

Read more about corporate and investment banking solutions for your business.


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Standard Bank Mozambique

Praça 25 de Junho no1

 +258 82 00 00 250


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