Mozambique: Gapi strengthens funding for the rural economy and prepares a new strategic plan for 2030

Gapi channelled approximately 400 million meticais into the rural economy in 2025 and ended the fiscal year with a solid loan portfolio, maintaining its position as one of the main national instruments for financing development, focusing on micro, small and medium-sized enterprises (MSMEs). Performance data show consistent growth in disbursements, adequate diversification across funds, lines and sectors, as well as prudent risk management, reflected in the control of non-performing loans. As a development finance institution, Gapi is also updating its institutional strategy to respond more comprehensively to the growing demand for financing and technical assistance from SMEs and rural producers.

The strategic review aims to strengthen the link between financing, capacity building, and partnerships, contributing to national objectives of food security and the strengthening of more resilient and sustainable agricultural value chains. Throughout 2025, the loan portfolio registered sustained growth, reflected in increased disbursements from different funds and financing lines. Resource mobilization was not concentrated in a single instrument, but rather distributed across various lines, which strengthened the institution’s capacity to respond to the diverse needs of the market.

The portfolio presents significant sectoral diversification, focusing on strategic areas for economic and social development, namely agriculture, commerce, construction and public works, electricity and gas, manufacturing, tourism, livestock, fishing, forestry and logging, transport and services, as well as refinancing to microfinance institutions. Despite the natural concentration in key sectors, indicators of non-performing loans (NPLs) remained under control, signalling an overall healthy portfolio. Analysis by gender and company type also reveals alignment with financial inclusion policies, with financing directed towards women-led businesses and small and medium-sized enterprises (SMEs), traditionally less served by the formal financial system.

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From a territorial perspective, the regional distribution of the portfolio and the structure of the guarantees demonstrate a significant presence in various regions of the country, contributing to mitigating asymmetries in access to financing. The composition of the guarantees shows a balanced approach between risk mitigation and credit facilitation. In the agricultural sector, considered strategic for the national economy and food security, just over 200 million meticais were channelled throughout 2025, financing production, processing, and marketing projects across various value chains.

This amount represented a significant portion of the active portfolio, impacting small and medium-sized producers organized in associations and cooperatives, contributing to increased productivity and income in rural areas. For the first quarter of 2026, projections indicate continued growth in the portfolio and disbursements, consolidating Gapi’s role in development financing, combining economic impact, social inclusion, and financial sustainability.

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