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Government wants Mozambican emigrants to direct remittances towards investment
11:44 CAT | 05 Nov 2025
FILE - “In recent years, Mozambique has seen a significant increase in remittance flows. In 2022, the country received US$544.8 million in remittances, a notable increase from the $93.4 million recorded in 2016,” reads the report on the National Financial Inclusion Strategy to be implemented by 2031. [File photo: MPDC]
The government of Mozambique wants nearly 270,000 emigrants to channel remittances— which have grown sixfold in seven years—into investment in the country, according to official figures.
“Mobilising around 267,126 Mozambicans living abroad to invest in the country by sending remittances” is one of the objectives set by the government in the proposal for the Economic and Social Plan and State Budget (PESOE) for 2026, which will begin to be discussed in parliament in the coming days, as well as revitalising five associations of Mozambicans in the diaspora.
Remittances from Mozambicans living abroad to the country have increased almost sixfold over seven years, reaching US$544.8 million in 2022, according to official figures.
“In recent years, Mozambique has seen a significant increase in remittance flows. In 2022, the country received US$544.8 million in remittances, a notable increase from the $93.4 million recorded in 2016,” reads the report on the National Financial Inclusion Strategy to be implemented by 2031.
The document from the Ministry of Finance states that, in terms of remittances, “the national market is structured around multiple channels and actors, which play a crucial role in the country’s financial inclusion strategy,” and recalls that these “are a vital component in the financial services landscape in Mozambique.”
“Particularly due to the continued export of migrant labour from the country to neighbouring countries, namely South Africa,” the report points out, adding that the use of remittances has been growing steadily.
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In 2019, 32% of adults in Mozambique sent or received remittances, an increase of 23 percentage points from 2014, the document also states.
It adds that among the various channels available for remittance transfers, electronic money “dominates the market”, accounting for around 80% of transfers, which are made via mobile phone-based services operated by three providers in Mozambique.
“Capitalising on the growing availability and convenience of mobile phones in the country,” the report also acknowledges, stressing that in addition to electronic money, “informal channels also play a significant role, accounting for 12% of remittances.”
“These channels often involve trusted networks, such as community groups or money transfer agents, which facilitate the transfer of funds between people. In addition, 11% of remittances are exchanged through transactions with family and friends, which offer a direct and personal means of transfer,” reads the report.
Banking channels account for only 7% of the remittance market in Mozambique.
Source: Lusa
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