Mozambique Grain Institute and BCI bank strengthen partnership to implement new cereal import mechanism

The Director-General of the Mozambique Grain Institute (ICM), Luís Jobe Fazenda, held a working meeting this Wednesday, 11 February 2026, with the management of the Commercial and Investment Bank (BCI). The main objective of the meeting was to deepen understanding of the role of the banking sector in the new mechanism for the importation of rice and wheat in the country. The BCI bank, identified as one of the key stakeholders in this process, will collaborate directly with the Mozambique Grain Institute to ensure the smooth running of financial and logistical operations.

During the session, the parties discussed the operational framework of the mechanism, with a view to ensuring that the transition to this model takes place in an efficient and transparent manner. As an immediate outcome of the meeting, it was agreed that BCI will provide specialised training to staff of the Mozambique Grain Institute . This initiative aims to strengthen the technical capacity of the Institute’s team, enabling improved process management and the mitigation of financial and operational risks that may arise from the implementation of this new import system.

READ:Grain Institute and OLAM Mozambique align rice import procedures and boost aid to flood victims Mozambique: CTA warns centralising rice and wheat imports threatens 20,000 jobs With this step, the Mozambique Grain Institute (ICM, IP) reaffirms its commitment to establishing strong partnerships with leading financial institutions, ensuring stability and security in the supply of essential cereals to the domestic market. READ:Mozambique: Competition Authority flags serious food security risks from centralised rice imports – O País Mozambique: CTA protests at grain import controls – AIM report | Watch