Credit granted to the Mozambican economy reached around US$4.9 billion (276.8 billion meticals) in April 2025, reflecting a slight recovery compared to the previous month, according to the Monthly Summary of Statistical Information released by the Bank of Mozambique (BoM), consulted this Friday (16) by Diário Económico.
According to the central bank’s report, the value of credit to the economy increased marginally compared to March 2025, when it stood at US$4.9 billion (275.9 billion meticals).
The largest share of this credit was absorbed by individuals, with US$1.5 billion (99.4 billion meticals), followed by trade, which attracted around US$384.9 million (21.9 billion meticals).
The transport and communications and manufacturing sectors came next, receiving US$437.1 million (24.9 billion meticals) and US$391.5 million (22.3 billion meticals) respectively.
The document also details that average interest rates for new loans stood at 19.75%, reflecting a slight decrease compared to previous months.
This positive performance comes at a time when the Mozambican economy is seeking to stabilise after periods of exchange rate volatility and high inflation.
The full report from the Bank of Mozambique also highlights the stability of net international reserves, which stood at around US$3.6 billion at the end of April, representing a comfortable cover for the country’s imports.
This increase in lending comes against a backdrop of a gradual reduction in the reference interest rate in Mozambique, which fell to 18% in May, according to an announcement by the Mozambican Banking Association (AMB). This is a reduction of 50 basis points compared to April, continuing a series of cuts that began in January 2024, after peaking at 24.1%.
The downward trend in the prime rate, influenced by the Bank of Mozambique’s MIMO rate, reflects the monetary authorities’ efforts to stimulate financing for the economy and control inflation, creating more favourable conditions for investment and domestic consumption.
Text: Felisberto Ruco
