Mozambique's Ministry of Finance announced that the Assembly of the Republic approved in principle and by consensus the proposed law to create the Development Bank of Mozambique. The proposed bank is intended to support economic, social and sustainable development investment, particularly in sectors where commercial bank financing is limited, and is designed to complement rather than replace traditional commercial banking. Presented by the Minister of Finance, the proposal follows technical work and consultations with public and private institutions, domestic and international partners, and other parts of society. Initial share capital would be MZN 32 billion, fully subscribed by the state, with scope for other partners, including development finance institutions and multilateral banks, to participate up to a 49 percent stake. The bank would not operate as a traditional commercial bank, and its mandate would be based on financial additionality and a catalytic role within the existing financial system.
Ministry of Finance (Mozambique) 2026-05-11
Mozambique Ministry of Finance advances Development Bank creation bill after initial parliamentary approval with MZN 32 billion state capital
Mozambique’s Ministry of Finance announced that the Assembly of the Republic has approved in principle a law to establish the Development Bank of Mozambique, to finance economic, social and sustainable development projects in sectors underserved by commercial banks. The bank will have initial share capital of MZN 32 billion, fully subscribed by the state, with potential participation of development finance institutions and multilateral banks of up to 49 percent, and will operate on a non-commercial basis with a mandate focused on financial additionality and a catalytic role in the financial system.