National Blueprint · One of 195

Mozambique

A nation of 35.6 million where a $20 billion gas project has restarted, and where nearly two in three citizens live below the national poverty line.

Perfect Nations values what Mozambique owns and raises capital against it, through innovative financing for development (FfD) and super intelligence (SI).

Mozambique at a glance

What we do for Mozambique

Assets. Capital. Solutions.

Perfect Nations is a new-age sovereign advisory firm, and its clients are nations.

  1. 01AssetsThe cupFive sovereign assets, valued, from The Gas to The People.
  2. 02CapitalThe laurels21 instruments and investments on record, every one sourced.
  3. 03SolutionsThe seven starsSeven basic standards of living, star by star. Energy is furthest from reach today.

The whole logo: a Perfect Nation, where every citizen has all seven basic standards of living, led by good governance.

01Assets · The cup · Sovereign Assets

Five assets no balance sheet counts.

Each is owned today, earns today, and can carry Mozambique toward seven basic standards of living for every citizen.

  • $20BMozambique LNG, first gas expected 2029

    The Gas

    Restarted after the force majeure was lifted in November 2025.

  • 82.7%Renewable share of electricity output, 2021

    The Zambezi

    Clean power that reaches 36.9% of citizens.

  • 41.3%Of land under forest, 2024

    The Forest

    Miombo woodland and coastal mangroves.

  • 14.9%Natural resource rents, share of GDP, 2021

    The Coast

    A long Indian Ocean coast, rich in fisheries, ports and minerals.

  • 35.6mCitizens, 2025

    The People

    Young and mostly rural.

02Capital · The laurels · Capital Architecture

21 instruments. Two gas projects, and grants for power, roads, schools, health, water and safety nets.

Bonds, guarantees, swaps and loans that raise capital against what Mozambique owns, every line sourced.

Capital Architecture

The record in figures

  • $15.4BMozambique LNG project financing, concluded 2020 with about 30 lenders; force majeure lifted 7 November 2025, first LNG expected 2029TotalEnergies, 2025
  • 91.4%Nominal stock of total public sector debt, percent of GDP, 2025 (IMF estimate); classified as in distressIMF, 2026
  • $4.7BU.S. Export-Import Bank direct loan for Mozambique LNG, second amendment approved 13 March 2025EXIM, 2025
  • $400MSafer Roads for Economic Integration Project: 508 km of priority roads, IDA grant, August 2022World Bank, 2022
  • $343MProEnergia Plus: over 340,000 new electricity connections by August 2025, against a target of 500,000World Bank, 2025

Capital already committed

  • MultilateralActivePURE Rural Mozambique Climate Project (FP290)$41.9M

    Approved 28 March 2026 · Grant · Under implementation to 2033 · Total value $47.1 million

    66,200 people directly, 52% of them women

    A Green Climate Fund grant through Enabel for climate resilience in rural Mozambique, reaching 158,800 more people indirectly. It protects rural water, food and livelihoods.

    Green Climate FundEnabel

    Source
  • MultilateralApprovedHealth Emergency Preparedness, Response and Resilience Project$201M

    Approved 26 June 2025 · IDA grant

    Health workers, medicines, surveillance and laboratories

    Recruits, trains and keeps health workers in high-risk areas, makes the purchase of medicines faster and more transparent, strengthens disease surveillance and laboratories, and builds climate-adapted health facilities. It is the health standard.

    World Bank

    Source
  • MultilateralApprovedHuman Development Integrated Project (INTEGRA)$100M

    Approved 20 June 2025 · IDA grant · First phase · Five years, to 2030

    Schools as hubs, in 20 of the most vulnerable districts

    Makes schools hubs for learning, school meals, basic health care and social protection, in climate-resilient, connected and safe buildings. It reaches education, food and health for school-age children and their families.

    World Bank

    Source
  • MultilateralApprovedAccelerating Sustainable and Clean Energy Access Transformation (ASCENT)$100M

    Approved 21 March 2025 · IDA grant · Plus $31 million from the Mozambique Energy for All Multi-Donor Trust Fund

    Electricity for nearly one million people

    Brings new electricity access to nearly one million people, better cooking to 90,000 and power to 68 schools, clinics and other public facilities. Energy sets Coverage in Mozambique, where 8% cook with clean fuels and technology.

    World BankMozambique Energy for All Multi-Donor Trust Fund

    Source
  • MultilateralActiveLinking climate adaptation and social protection (SAP042)$23.5M

    Approved 18 July 2024 · Grant · Under implementation to 2029 · Total value $28.3 million

    975,000 people with increased resilience

    A Green Climate Fund grant through Save the Children Australia that links climate adaptation with social protection for rural people, for better food and nutrition security.

    Green Climate FundSave the Children Australia

    Source
  • MultilateralApprovedCapacity Building for Improved Gender-based Violence Response Project$20M

    Approved 30 April 2024 · IDA grant

    2,196 service providers trained

    Trains and equips 2,196 providers of services for survivors of gender-based violence and builds a digital system for case management and referrals.

    World Bank

    Source
  • MultilateralApprovedDistrict and Community Health Services$115M

    Announced 29 February 2024 · IDA grant $100 million · GFF grant $15 million · Top-up of $63.7 million, June 2025

    About 4.6 million people, 1.5 million of them under five

    Strengthens health and nutrition services in 63 districts of 10 provinces. The top-up of June 2025 adds $8.7 million from IDA, $5 million from the GFF and $50 million from a trust fund backed by Canada, the United Kingdom and Ireland.

    World BankGlobal Financing Facility

    Source
  • MultilateralApprovedSecond Institutions and Economic Transformation Development Policy Financing$300M

    Approved 22 November 2023 · Development policy lending

    Budget support for reforms

    Budget support for reforms that strengthen budget institutions and the economy. Its amount and date rest on the World Bank project page, which has not opened in these reviews.

    World Bank

    Source
  • MultilateralActiveUrban Water Security Program$150M

    Announced 28 September 2023 · IDA grant

    Nearly 1.3 million people

    Improves water supply services in selected cities of the Greater Maputo metropolitan area and the southern region. It is the water standard, in a nation where 27.5% have safely managed drinking water.

    World Bank

    Source
  • MultilateralActiveAccess to Finance and Economic Opportunities Project (Mais Oportunidades)$300M

    Approved 30 March 2023 · IDA credit · 2023 to 2029

    Over 26,000 new jobs expected over six years

    Creates Mozambique’s first national Credit Guarantee Fund and lines of credit, to mobilise up to $450 million of private loans to micro, small and medium enterprises. It is the livelihood standard.

    World Bank

    Source
  • MultilateralActiveSafer Roads for Economic Integration Project$400M

    Approved 23 August 2022 · IDA grant · First phase of a programme of $850 million

    508 km of priority roads in Cabo Delgado, Sofala and Zambezia

    Rehabilitates priority sections of the national road network. Improving the N1 corridor would benefit about 56% of the population, linking them to markets, schools and clinics.

    World Bank

    Source
  • MultilateralActiveSocial Protection and Economic Resilience Project$167.5M

    Approved 16 December 2021 · IDA grant · $41 million from a multi-donor trust fund

    Cash support for the poorest families

    Strengthens and expands social protection for the poorest families, families with children and women’s economic empowerment, with trust fund support from the United Kingdom, Sweden and the Netherlands.

    World Bank

    Source
  • MultilateralActiveSustainable Energy and Broadband Access in Rural Mozambique (ProEnergia Plus)$343M

    Approved 14 December 2021 · IDA grant $300 million · Sweden and Norway $38 million · ESMAP Clean Cooking Fund $5 million

    Over 340,000 connections by August 2025, against a target of 500,000

    Brings grid electricity to about 1.1 million people and broadband to at least 580,000 in rural areas.

    World Bank

    Source
  • MultilateralActiveImproving Learning and Empowering Girls in Mozambique$299M

    Approved 26 March 2021 · IDA grant $160 million · Global Partnership for Education $139 million

    One hundred new rural preschools (Escolinhas)

    Builds preschools in rural areas with low schooling, improves reading in the first three grades, expands lower secondary schools and makes schools safer for girls. It is the education standard.

    World BankGlobal Partnership for Education

    Source
  • RegionalApprovedResilient Investment for Socio-Economic Empowerment, Peace and Security (RISE-PS)$17M

    Announced 16 July 2025 · Grant from the Transition Support Facility

    24,000 direct jobs; more than 100,000 people

    An AfDB grant for Cabo Delgado province, with 60% of the jobs for people aged 18 to 35 and half for women. It reaches livelihoods in the province of the gas projects.

    African Development Bank

    Source
  • RegionalApprovedNamaacha–Boane Transmission Line$43.6M

    Announced 21 May 2025 · ADF $33.2 million · Climate Action Window $10.4 million

    Up to 332 GWh a year of wind power

    Two new 43 km, 66 kV lines that carry power from the planned 120 MW Namaacha wind farm into the grid, with thousands of new connections expected for rural and underserved communities.

    African Development Bank

    Source
  • BilateralApprovedMozambique LNG, direct loan$4.7B

    Second amendment approved 13 March 2025 · Loan of 2019

    Onshore LNG plant on the Afungi Peninsula

    The U.S. Export-Import Bank board approved the second amendment of its 2019 direct loan of up to $4.7 billion for the construction of the onshore LNG plant and related offshore work.

    Export-Import Bank of the United States

    Source
  • PrivateIssuedCentral Eléctrica de Tetereane solar and storage, Cuamba$7.96M

    Issued 5 March 2026 · MIGA guarantee, 20 years · Breach of contract cover

    18.75 MWp of solar and a 6.7 MWh battery in Niassa

    MIGA guarantees Globeleq against breach of contract under its power purchase agreement with Electricidade de Moçambique, for a solar and battery plant in Cuamba. Power for a remote northern province reaches homes, clinics and schools.

    MIGAGlobeleqElectricidade de Moçambique

    Source
  • PrivateApprovedTrade Finance Transaction Guarantee, Banco Comercial e de Investimentos$20M

    Approved by the AfDB Group · Three years · Covers up to 100% of eligible transactions

    Trade finance for small and medium-sized enterprises

    A guarantee facility that lets international banks confirm BCI’s trade transactions, widening trade finance for small and medium-sized firms. The release carries no date.

    African Development BankBCI

    Source
  • PrivateActiveMozambique LNG$15.4B

    Project financing concluded 2020 · About 30 lenders · Force majeure lifted 7 November 2025 · Full restart 29 January 2026 · First LNG expected 2029

    Over 3,000 Mozambicans among more than 4,000 workers; contracts to Mozambican firms above $4 billion

    A liquefied natural gas project in Cabo Delgado led by TotalEnergies (26.5%), with Mitsui, ENH, ONGC Videsh, Beas, BPRL and PTTEP, at 40% progress. The partners will add equity to replace the UK Export Finance and Atradius share, about 10% of external financing; up to 7,000 Mozambicans are expected to work on construction.

    TotalEnergies and partnersENH

    Source
  • PrivateApprovedCoral North floating LNG$150M

    Final investment decision 2 October 2025 · AfDB senior loan approved 14 January 2026 · Project cost expected above $7 billion

    3.6 million tonnes a year; more than $20 billion of fiscal revenue estimated

    A floating LNG facility about 55 km off Cabo Delgado, led by Eni (50%) with CNPC, Kogas, ENH and XRG, for delivery in 2028. Part of its gas is reserved for clean cooking, domestic industry and power, the standard that sets Coverage.

    African Development BankEniENH

    Source

Already working in Mozambique.

Independent firms and social enterprises already at work in Mozambique, highlighted by Perfect Nations. None is a partner of Perfect Nations.

Suggest an enterprise
  • Food

    Terramar

    A Maputo importer, distributor and wholesaler of frozen and chilled foods, with one of the largest freezer capacities in Mozambique, serving retailers and restaurants. Norfund invested US$6 million of equity in 2022, alongside US$12 million from Zebu Investment Partners.

    Norfund, 2022
  • Energy

    Globeleq

    A power company owned by British International Investment and Norfund, which runs the Central Eléctrica de Tetereane solar and battery plant in Cuamba, Niassa, under a power purchase agreement with Electricidade de Moçambique. MIGA guaranteed the agreement in March 2026.

    MIGA, 2026
  • Health

    Lenmed, Maputo Private Hospital

    A 105-bed private hospital in Maputo, part of the Lenmed hospital group. IFC disclosed an equity investment of up to US$28 million in the group in 2022.

    IFC, 2022
  • Livelihood

    Vodafone M-PESA Mozambique

    A mobile money service whose active registered users tripled from 1.9 million to 6 million between 2018 and 2022, and which paid about 9 billion meticais (US$142 million) in commissions to its agents in five years. IFC signed a cooperation agreement with it in 2024 to reach more people, including smallholder farmers.

    IFC, 2024

03Solutions · The seven stars · Perfect Capita

Perfect Mozambique, star by star.

Perfect Capita is the yearly cost, per person, of lifting everyone above the Living Line in all seven basic living standards, set with Mozambique in its own prices.

How Perfect Capita works
Mozambique: the seven stars of the logo, one for each basic standard of living, rising from the cup; Food is the larger centre star. Each star carries the figure for Mozambique.WATER27.5%SHELTER33.9%ENERGY8FOOD77.7%EDUCATION26.1HEALTH50LIVELIHOOD18.6%
8
Energy · furthest from reach8% cook with clean fuels and technologyWorld Bank, 2024

Tap a star for its figure and source.

The price of Perfect Mozambique

To be set with Mozambique, from its own figures and in its own prices: Perfect Capita times the people of Mozambique, each year.

Read more
  • Food77.7%Lenient measure: 22.3% are undernourished; food insecurity experience is not publishedFAO, 2024
  • Water27.5%Safely managed drinking waterWHO/UNICEF, 2024
  • Shelter33.9%Safely managed sanitationWHO/UNICEF, 2024
  • Energy88% cook with clean fuels and technologyWorld Bank, 2024
  • Education26.1Lower-secondary completion; reading data not published, datedUNESCO, 2019
  • Health50WHO service coverage indexWHO, 2023
  • Livelihood18.6%Above US$3.00 a day; 81.4% live below itWorld Bank, 2022

Perfect Nations estimate, to be confirmed with Mozambique. Figures marked dated rest on surveys more than five years old; lenient measures are marked as such. The strict measures

Strict measures. Food: share not moderately or severely food insecure (FAO). Water: safely managed drinking water where measured; where it is not, basic water, marked as such. Shelter: the lower of safely managed sanitation and the share outside urban slums. Energy: the lower of electricity per person against 1,000 kWh and clean cooking. Education: the lower of children reading by the end of primary school and lower-secondary completion. Health: WHO service coverage index. Livelihood: share above the stricter of the national poverty line and the World Bank line for the nation’s income group. Each figure links to its source.

Solutions for Perfect Mozambique

  • Solution No. 22

    Gas to Kitchens

    Future gas revenue finances clean cooking now, rather than after first gas.

    • 01The challengeAbout 33 million Mozambicans, more than nine in ten, cook without clean fuel or technology.
    • 02What Perfect Nations advisesMozambique should commit a share of future gas revenue to clean cooking at home, and finance the switch now against that revenue with development bank backing, rather than wait for first gas. With super intelligence, every household’s fuel use can be followed through mobile purchases, so support reaches the families still cooking with charcoal and the forests are spared.

    ~33mMozambicans who cook without clean fuel

    FromPreeti SinhaPresident and CEO, Perfect NationsRead the SolutionDiscuss this Solution
Mozambique in Bloom, nation portrait of Mozambique
Mozambique in BloomNation Portrait · Art of Nations
Perfect Nations® · Letters to the NationsMozambique

Dear Mozambique,

Under your northern sea lies one of the largest gas finds of the century. … Gas will earn. The question is who it will earn for.

“Gas will pay for decades. Write every citizen’s share into the contract before the first cargo sails.”

Yours in design,Preeti SinhaPresident and CEO, Perfect NationsRead the full letter

Work with us · The ReDesign Studio

The Perfect Mozambique ReDesign Studio

One mission, three depths: the same four moves for Mozambique, taken as far toward market as you choose.

Read more

For the Government of Mozambique, its development partners and investors. Scope and fees are agreed in writing before any work begins.

  1. 01Identify the assets
  2. 02Estimate Perfect Capita
  3. 03Co-design the capital architecture
  4. 04Launch the instruments
  1. Mandate 013 hours

    The Nation Briefing

    A private session for the people who decide.

    You leave withThe gap, named and sized

    Read more
    1. 01The five sovereign assets on this page, walked through.
    2. 02Coverage of 8 and the Gap, explained.
    3. 03The instruments that could close the Gap, shortlisted.
    4. 04The path to market, outlined.
    Request a Nation Briefing
  2. Mandate 023 days

    The Blueprint Lab

    Your team and ours, working the blueprint together.

    You leave withThe structure, drawn

    Read more
    1. 01The ledger tested against your ministries’ own data.
    2. 02Each of the seven standards costed in Mozambican prices.
    3. 03One financing structure, drawn with your team.
    4. 04A term sheet and the partners to approach.
    Plan a Blueprint Lab
  3. Mandate 03End to end

    The Sovereign Mandate

    Led personally by the President and CEO.

    You leave withA structure ready for market

    Read more
    1. 01A full sovereign asset ledger, valued and verified.
    2. 02Perfect Capita set and agreed with government, with a monitoring plan.
    3. 03The full structure: legal form, credit enhancement, guarantees and pricing.
    4. 04Taken to investors and development partners, through to close.
    Discuss a Sovereign Mandate

Co-design it with us

Where Mozambicans and Co-designers design the nation they want to live in.

  • Writings

    Write Perfect Mozambique into being.

    Up to 1,500 words on your vision of Perfect Mozambique, published with your name.

    Submit your writing
  • Voices of Perfect Nations Launching soon

    The local leaders already building Perfect Mozambique.

    Great local leaders: honest, dedicated and committed to basic standards of living for all. Every guest answers one question: “What does Mozambique already own, and how could it pay for a decent life for every citizen?”

  • Co-designers

    Join the community.

    Everyone who shares a vision, a voice or an enterprise here becomes a Co-designer of Perfect Mozambique.

    Become a Co-designer

The Mozambique ReDesign Studio is open

Design Perfect Mozambique with us.

Share your vision, suggest a guest, or write to us: every message receives a personal reply.

Sources
  1. World Bank, World Development Indicators, accessed 12 October 2026: population 2025, urban share 2025, land in agriculture and forest 2024, electricity access 2024, renewable fresh water per person 2022, natural resource rents, renewable share of electricity output 2021.
  2. WHO UHC service coverage index, 2023 (WHO Global Health Observatory). WHO/UNICEF JMP basic drinking water (via World Bank). FAO prevalence of undernourishment (via World Bank). UN-Habitat urban slum share, 2022 (via World Bank). National poverty headcount, latest survey (via World Bank).
  3. Hydrocarbon Processing, 29 January 2026: USD 20 billion project; force majeure lifted 7 November 2025; first LNG expected 2029.
  4. World Bank project pages for each entry of Capital already committed, as linked. The World Bank projects database lists few approvals after 2024; newer operations may be missing.
Mozambique in Bloom, flag edition: the nation portrait of Mozambique painted with its flag
Mozambique in BloomNation Portrait, flag edition · Art of Nations
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