Finance

• Infinity Media
• 5 Min Read

Mozambique Billionaires (2025): Top 10 Richest Men In Mozambique

Mozambique, a southeastern African country known for its extensive natural resources and long Indian Ocean coastline, has seen considerable economic transformation over the last few decades. Once grappling with political instability and underdevelopment, the nation is now emerging as one of the promising economies in Africa, thanks to several forward-thinking entrepreneurs and investors. These individuals have made substantial contributions to sectors such as agribusiness, construction, telecommunications, finance, and energy, earning them places among the richest people in the country.

This article highlights the top 10 richest men in Mozambique as of 2025, their estimated net worth, and the industries that have helped them amass wealth. These business leaders not only enjoy financial success but also play key roles in shaping the country's future through innovation, job creation, and socio-economic development.

1. Mhamud Charania – Net Worth: $600 Million

Mhamud Charania tops the list of Mozambique's wealthiest men in 2025. He is the founder and chairman of Merec Industries SA, the leading manufacturer of wheat-based food products in the country. Under his leadership, Merec has expanded into various product lines including flour, pasta, cookies, and animal feed, becoming a household name.

Charania is also the head of ADC S.A., a dominant force in the fast-moving consumer goods (FMCG) distribution market in Mozambique. His investments in food processing and distribution have not only amassed him considerable wealth but also helped improve food availability and reduce dependency on imports. His companies provide thousands of jobs and contribute significantly to Mozambique's GDP.

2. Momade Bachir Sulemane – Net Worth: $500 Million

Second on the list is Momade Bachir Sulemane, a business magnate with diverse interests spanning retail, construction, and real estate. He is best known for his ownership of the Maputo Shopping Center, one of the most prominent retail destinations in the country.

As the founder and chairman of Grupo MBS, Sulemane has positioned himself at the heart of Mozambique's economic development. His group has a diversified portfolio that includes interests in hospitality, commercial real estate, and manufacturing. Despite some past controversies, his business empire continues to flourish.

3. Fernando Amado Couto – Net Worth: $400 Million

Fernando Amado Couto is the CEO and major shareholder of Portos do Norte S.A., the company managing the Port of Nacala. This port is one of the most important maritime gateways in East Africa and plays a pivotal role in regional trade.

Couto also has significant investments in agriculture and forestry, which have helped him secure his spot among Mozambique's wealthiest. He is known for his strategic investments in northern Mozambique, where he has been instrumental in modernizing agricultural practices and improving supply chain logistics.

4. Salimo Abdula – Net Worth: $350 Million

Salimo Abdula is a diversified entrepreneur with interests in sectors ranging from telecommunications and finance to construction and mining. He is the founder of Intelec Holdings, a multi-sector conglomerate that has grown steadily under his stewardship.

Abdula is also a shareholder in Vodacom Mozambique and Banco Único, one of the country’s leading commercial banks. His business activities have made a significant contribution to Mozambique's infrastructural development and technological advancement.

5. Rogerio Samo Gudo – Net Worth: $300 Million

Rogerio Samo Gudo is widely recognized for his contributions to Mozambique's tech industry. He co-founded Escopil Internacional, which developed the country's Single Electronic Window system—a platform that has streamlined tax collection for imports and exports.

Gudo also chairs the Eagle Group, a conglomerate involved in construction, energy, and real estate. His companies have been involved in some of the largest infrastructural projects in the country. He is a respected figure in both business and government circles.

6. Celso Correia – Net Worth: $250 Million

Celso Correia, a former Minister of Agriculture and Rural Development, has leveraged his government experience to build one of the most successful business groups in Mozambique. The Correia Group, which he founded, operates across agribusiness, real estate, energy, and infrastructure.

Correia is known for his commitment to sustainable development and rural transformation. He has received multiple accolades for his work in improving food security and driving economic inclusion in Mozambique.

7. Miguel Afonso dos Santos – Net Worth: $200 Million

Miguel Afonso dos Santos has made his fortune in the hospitality and tourism industry. He manages the iconic Polana Serena Hotel, often considered Mozambique's most luxurious hotel. His work in this sector has helped elevate Mozambique as a travel destination.

Dos Santos has also ventured into hotel development and management consulting, further expanding his business footprint. His influence in tourism has created job opportunities and contributed to the country’s growing service economy.

8. José Zilhão – Net Worth: $150 Million

José Zilhão is the Mozambique country manager for Mota-Engil, one of the largest construction companies operating in Africa. With decades of experience in civil engineering, he has overseen key infrastructure projects including highways, bridges, and airports.

His work with Mota-Engil has not only made him wealthy but has also contributed to Mozambique’s modernization. Zilhão’s name is synonymous with large-scale development projects that are vital to the country's future.

9. Ernesto Gove – Net Worth: $100 Million

Ernesto Gove is a respected economist and former Governor of the Bank of Mozambique. Under his leadership, the central bank implemented key financial reforms that stabilized the economy and improved investor confidence.

Post-governorship, Gove has invested in agriculture, mining, and real estate. His business ventures reflect a deep understanding of macroeconomic principles, and he remains a key figure in Mozambique’s financial sector.

10. Daniel David – Net Worth: $80 Million

Daniel David is a media mogul and the founder of SOICO Group, Mozambique’s first private media conglomerate. His company owns and operates television stations, radio networks, and newspapers.

In addition to media, David is involved in real estate through his company DHD Holding. He is also known for promoting digital innovation and entrepreneurship in Mozambique, hosting conferences and events aimed at fostering young talent.

Summary Table: Top 10 Richest Men in Mozambique (2025)

Mozambique’s richest men have helped redefine the nation’s economic narrative. Through their investments, leadership, and innovation, they have created thousands of jobs, supported community development, and positioned Mozambique as a growing economy in Africa. As the country continues to evolve, these business titans will remain key architects of its socio-economic transformation.