Mozambique’s highest-grossing companies

Mozambique’s highest-grossing companies

Mozambique is a resource-rich country with a growing economy, driven by sectors such as energy, mining, agriculture, and telecommunications. The following are some of the highest-grossing companies in Mozambique across various sectors:

1. Mozal

Mozal is one of Mozambique’s largest companies and a major player in the aluminum production sector. Located in the Maputo province, it operates as a joint venture between several international stakeholders, including BHP Billiton. Mozal is a significant contributor to the national economy, accounting for a substantial portion of the country’s exports. The company employs advanced technologies and has a reputation for being one of the largest aluminum smelters in the Southern Hemisphere.

2. EDM (Electricidade de Moçambique)

EDM is the national electricity company of Mozambique and is critical to the country’s infrastructure and development. The company oversees the generation, transmission, and distribution of electricity across Mozambique. EDM plays a crucial role in managing energy projects and is actively involved in efforts to expand electricity access, particularly in rural areas. With Mozambique’s focus on hydroelectric projects, EDM’s role in energy development is pivotal.

3. CDM (Cervejas de Moçambique)

Cervejas de Moçambique, a subsidiary of AB InBev, is the leading beer producer in Mozambique. Popular brands such as 2M, Laurentina, and Manica are household names in the country. CDM dominates the beverage market and has been a consistent performer in terms of revenue generation. The company also supports local industries by sourcing raw materials like barley from Mozambican farmers.

4. Sasol Mozambique

Sasol is an energy and chemicals company headquartered in South Africa, but it has a significant presence in Mozambique. The company is involved in natural gas extraction and processing, particularly in the Temane and Pande gas fields. Sasol’s operations contribute significantly to Mozambique’s GDP through royalties, taxes, and job creation. The company has also facilitated the development of infrastructure in the regions where it operates.

5. HCB (Hidroeléctrica de Cahora Bassa)

HCB operates one of Africa’s largest hydroelectric dams, the Cahora Bassa Dam, located on the Zambezi River. The company generates substantial revenue by exporting electricity to neighboring countries, including South Africa, Zimbabwe, and Zambia. HCB is vital for Mozambique’s energy exports and plays a crucial role in regional energy security.

6. Petromoc (Petróleos de Moçambique)

Petromoc is the state-owned oil company in Mozambique and a key player in the energy sector. It is responsible for importing, distributing, and marketing petroleum products across the country. Petromoc serves a wide range of industries, including transportation, agriculture, and aviation. The company’s extensive network of fuel stations makes it a household name in Mozambique.

7. Mcel (Moçambique Celular)

Mcel was Mozambique’s first mobile phone operator and remains a significant player in the telecommunications sector. It provides mobile, data, and internet services across the country. Although facing competition from international companies like Vodacom, Mcel’s infrastructure and affordable services have enabled it to retain a strong market share.

8. Vale Mozambique

Vale, a Brazilian multinational corporation, operates one of the largest coal mines in Mozambique, located in the Tete province. The company’s operations focus on coking coal production, which is exported to global markets. Vale’s investments in logistics, such as railways and ports, have boosted Mozambique’s mining industry.

9. Millennium BIM

Millennium BIM is Mozambique’s largest commercial bank, offering a wide range of financial services, including personal and corporate banking, loans, and investment products. As a subsidiary of Millennium BCP, one of Portugal’s largest banks, Millennium BIM plays a crucial role in Mozambique’s financial sector.

10. Zambeze Transportes

Zambeze Transportes is a logistics and transport company that has significantly contributed to Mozambique’s growing infrastructure sector. With its expansive network, the company facilitates the movement of goods and raw materials across the country and to neighboring regions.

These companies not only generate substantial revenue but also play a significant role in Mozambique’s economic development. Their contributions span critical sectors, from energy and mining to telecommunications and banking, driving growth and creating opportunities for the nation.