Mozambique: US$2 million to finance micro and small businesses in Cabo Delgado and Niassa

Integrated into the Conecta Negócios programme, the co-financed grant line will fund economically viable business plans, giving priority to companies with limited access to credit and other financial services. The mechanism is designed to strengthen the productive capacity of micro and small businesses, encourage greater formalisation, and stimulate investments with a direct impact on income generation. The launch was led by the Minister of Planning and Development, Salim Vala, who emphasised the strategic importance of the two provinces in the national context.

According to him, although they account for more than a quarter of the country’s territory, Cabo Delgado and Niassa still show low levels of formal business density, which calls for concrete measures to stimulate the private sector. On the same occasion, the Governor of Niassa Province, Elina Massengele, said the initiative represents a real opportunity to strengthen the provincial economic fabric, enhance local entrepreneurship, and create more opportunities for youth. Meanwhile, the Chairman of ADIN’s Executive Board, Jacinto Loureiro, assured that the institution will ensure transparency and rigor in fund management.

Loureiro stressed that the initiative’s success will depend on the quality of the projects submitted and their tangible impact on the local economy. The financing line targets micro and small businesses in sectors such as agribusiness, sustainable tourism, food and fisheries production, beekeeping, auto mechanics and electrical services, carpentry, construction, small industries, transport, tailoring workshops, and other local businesses with growth potential and capacity to generate employment. READ:MozYouth to implement Professional Training and Paid Internship Programme for 1,000 youth in northern Mozambique Photo: ADIN – Agência de Desenvolvimento Integrado do Norte