The business climate in Mozambique deteriorated by 11.3% in the first quarter of 2026, reflecting the combined impact of floods, limited access to foreign currency, fuel supply constraints, and uncertainties that continue to affect business activity in the country.
The information was presented this Thursday (18) in Maputo by Álvaro Massingue, president of the Confederation of Economic Associations of Mozambique (CTA), during the 20th edition of the Economic Briefing, dedicated to analyzing business performance in the first quarter of the year.
According to data released by the CTA, the Macroeconomic Environment Index fell from 62% in the last quarter of 2025 to 55% in the first three months of this year, representing an 11.3% decline. The trend in this indicator reflects a deterioration in economic operating conditions and growing concerns within the private sector.
The business organization noted that, although inflation has remained relatively under control at around 4.1% and the exchange rate has remained stable, companies continue to face various operational obstacles that constrain their activities.
Among the main factors cited are the damage caused by natural disasters to productive infrastructure, equipment, and inventory, particularly in the provinces of Gaza and Maputo. The CTA also notes that disruptions in supply chains have limited the movement of people and goods, affecting both access to inputs and the marketing of produce.
The survey conducted by the organization also shows a weakening of businesses’ resilience. The Business Resilience Index fell from 28% to 26% during the period under review, signaling a decline in the private sector’s resilience to the economic and operational shocks experienced in recent months.
Despite this scenario, the CTA believes that conditions exist for a gradual recovery of economic activity in the coming months, supported by macroeconomic stability and the gradual normalization of productive activities in some regions of the country. However, the organization maintains that measures are still needed to improve access to financing, increase the availability of foreign currency, settle the government’s overdue payments to the private sector, and accelerate reforms aimed at enhancing competitiveness.
