Top 10 Richest People in Mozambique

Mozambique, located in South-East Africa, is renowned for its vibrant cultural heritage. Its economy is based on natural resources, agriculture, and growing sectors like energy and tourism.
This country’s economy is considered to be one of the fastest-growing in Africa, due to its abundant natural resources that include agriculture (cashews, cotton, and tobacco), coal, natural gas, and minerals. ,

The richest people in Mozambique earn their wealth from the following sources:

Top 10 Richest People in Mozambique

Daniel David is a businessman and entrepreneur whose interests span several sectors. He focuses on construction, real estate, and infrastructure development.
His real estate investments focus on high-value projects in cities like Maputo and Beira, as well as infrastructure projects like roads and bridges. He has also invested in the renewal energy sector.
Daniel David is the owner of TV Sucesso, a Mozambican television network that broadcasts across the country.

Ernesto Gove is a prominent Mozambican businessman who was formerly the Governor of the Bank of Mozambique. During his tenure, he played a crucial role in stabilizing and advancing the country’s economy.
He has diverse investments in agriculture (tobacco, cashews, and cotton), mining, construction, infrastructure, and energy. This individual has also ventured into real estate and tourism.

José Zilhão is one of the top 10 richest people in Mozambique. He has diverse interests across key sectors such as natural gas, mining, construction, real estate, retail and consumer goods, and infrastructure development
This individual also has investments in agribusiness, focusing on export crops like tobacco and cashews.

Miguel Afonso Dos Santos has investments in telecommunications, construction, banking, energy, and tourism. His investments are closely linked to the country’s natural resource wealth (natural oil and gas), just like that of the members of the wider dos Santos family.
This individual has also invested in luxury tourism and logistics.

Celso Correia, a former Minister of Agriculture and Rural Development, is primarily involved in agribusiness, dealing in the production of tobacco, sugar, and cashews. He owns the Correia Group, one of the leading conglomerates in the country.
He also has stakes in construction, infrastructure, and real estate, and is heavily involved in the energy sector with investments in mining and renewable energy.

Rogerio Samo Gudo was the co-founder and president of Escopil Internacionale, one of Mozambique’s largest technology companies. He is currently involved in the construction, real estate, and energy sectors.
He heads the Eagle Group, a conglomerate that focuses on multiple industries that contribute to development projects across the country. It has been involved in urban development, industrial parks, and energy projects.

Salimo Abdula is the founder of Intelec Holdings Group, a large conglomerate in Mozambique that has interests in agriculture, construction, finance, mining, energy, telecommunications, and textiles.
He is also one of the largest shareholders and a board member of Vodacom Mozambique, and one of the largest shareholders of Banco Único, a major commercial bank in the country.

Fernando Amado Couto is another of the top 10 richest people in Mozambique. He is a leading investor in agriculture and forestry.
He is also the CEO and largest shareholder of Portos do Norty, a private company that operates the Port of Nacala. This port manages the terminal and cargo movement in the Nacala Port, one of the largest on the East African coast.

Momade Bachir Sulemane is the owner of Grupo MBS and the Maputo Shopping Center, and has invested heavily in the retail and real estate sectors. In addition, he is a well-known philanthropist.
This individual’s entrepreneurial ventures have contributed significantly to the country’s economic development.

Mhamud Charania has extensive investments in retail, real estate, and agriculture. His primary source of wealth comes from food manufacturing.
He founded Merec Industries SA, the country’s largest manufacturer of wheat-based food products, in 1998. This company currently deals with wheat milling, cookies, pasta, maize milling, and animal feed, and has a 36% market share in the country’s wheat milling business.
This individual is also the Chairman of the Board of Directors of ADC S.A., a fast-moving consumer goods manufacturing (FMCG) distribution company.

These top 10 richest people in Mozambique, through their business ventures, have impacted the country’s economy positively over the years.