The Bank of Mozambique (BdM) forecasts “moderate” economic growth in the country over the coming months, influenced by the gradual restoration of productive and logistical capacity following the destruction recorded during the post-election protests.
“The positive performance will be supported by the gradual restoration of productive and logistical capacity, despite uncertainties regarding the impacts of climatic shocks on agricultural production and various infrastructures, as well as the effects of post-election tensions on economic sectors,” explains the Economic Outlook and Inflation Perspectives report, cited by Lusa.
According to the central bank, the primary sectors, such as agriculture and coal mining, as well as the tertiary sector, particularly services, will largely drive the growth of the national economy, not forgetting the contribution of liquefied natural gas (LNG) exports. Mozambique experienced nearly five months of social tension, with protests, strikes, and barricades in several cities—especially Maputo—initially contesting the results of the October 9 elections, called by former presidential candidate Venâncio Mondlane. The protests escalated into violence with the police, causing around 400 deaths, as well as destruction and looting of public infrastructures and companies.
On March 23, Daniel Chapo and Venâncio Mondlane, the presidential candidate who does not recognize the October general election results, met for the first time and committed to ending the violence, later meeting again on May 21 with an agenda to pacify the country.
The Confederation of Economic Associations of Mozambique (CTA) reported that nearly one thousand companies were affected by the post-election protests, with an economic impact exceeding 32.2 billion meticais and 17,000 unemployed. According to the private sector survey, 955 companies were directly affected, with 51% suffering total vandalism and/or looting of their goods.
The 2025 Economic and Social Plan and State Budget (PESOE), approved last May in Parliament, revealed that from the initial forecast of 5.5% GDP growth for 2024, only 1.85% was achieved. It stated that the mining extraction industry, trade and services, manufacturing, hotels and restaurants, and agricultural transport were the most penalized sectors due to the post-election tension.
For 2025, GDP growth of 2.9% is expected, with an average annual inflation rate around 7%. Projections also point to revenues of 385.8 billion meticais (5.9 billion dollars).
Source: Diário Económico
