Mozambique · TELECOMS
Key Facts
—Cabinet decision: On 11 August 2026, Mozambique’s cabinet authorised a technical team to negotiate a partial sale of the state’s stake in Tmcel.
—State holding: The government holds about 66% of Tmcel and the state asset institute IGEPE a further 26%, leaving roughly 92% in state hands. No percentage for the planned divestment has been disclosed.
—Losses: Tmcel lost MZN 4.44 billion, about €59.7 million, in 2024, roughly double the MZN 2.13 billion recorded in 2023, according to the company’s audited annual report as reported by Lusa.
