The debt of the State Business Sector (SEE) increased by 7.15% in the second quarter of 2025, reaching more than USD 619.4 million (MZN 39.6 billion), according to data from the Ministry of Finance report cited by Lusa. This growth occurred within a three-month period, reflecting the expansion of indebtedness among the country’s public companies.
The Ministry of Finance explained that the increase was mainly due to the “acquisition of new financing” by the public company Portos e Caminhos-de-Ferro de Moçambique (CFM), in the amount of USD 36 million (MZN 2.2 billion). This injection allows CFM to support strategic investments related to transport and logistics across the territory.
Regarding domestic debt, CFM registered an increase of USD 7.8 million (MZN 504.6 million) compared to the end of the first quarter. According to the report, this rise occurred “due to the contracting of new financing to co-finance the expansion of the Fuel Terminal in Pemba,” in Cabo Delgado province. External debt of the SEE rose by 14.5% in the second quarter, reaching just over USD 292 million (MZN 18.5 billion). Meanwhile, the domestic debt of state-owned and state-participated companies grew 1.34%, totaling USD 327.2 million (MZN 20.9 billion) by the end of June, reflecting a balanced management of financing sources.
Currently, Mozambique has 11 public companies, seven fully state-owned enterprises, and nine with minority state stakes undergoing liquidation. This diversity reflects the complexity of the SEE and its central role in national economic development. The debt growth highlights the need for strategic investments, while also underscoring the challenge of maintaining financial balance. Careful management of both domestic and external debt will be crucial to sustaining the expansion of public companies without compromising economic stability.
Source: Diário Económico
