Who is the richest man in Mozambique in 2025?
Many people from entrepreneurs and financial analysts to curious citizens ask this question every year. Understanding who the wealthiest people are helps reveal which industries are thriving and what strategies are building wealth in Mozambique today.
This article provides a full breakdown of the Top 10 Richest Men in Mozambique for 2025, including their estimated net worth in USD, their business sectors, and how they made their fortunes.
From natural gas and banking to construction, logistics, and telecommunications ,these men are shaping the financial and industrial landscape of Mozambique. Whether you are a business student, investor, or young entrepreneur, this list will give you powerful insights into what it takes to build massive wealth in a growing African economy.
Who Are the Richest Men in Mozambique in 2025?
The richest men in Mozambique are self-made entrepreneurs, industrialists, investors, and political figures who have built successful businesses in both domestic and regional markets.
Most of them have interests in natural resources, energy, real estate, banking, agriculture, and logistics — key sectors that drive Mozambique’s economic growth.
Let’s now look at the full ranking.
1. Armando Guebuza – Net Worth: $1 Billion
Main Sectors: Construction, Energy, Logistics, and Banking
Armando Guebuza, former President of Mozambique, is considered the richest man in Mozambique in 2025.
His wealth is largely derived from investments in energy, logistics, construction, and finance.
How he built his fortune:
Guebuza has controlling interests in major firms through the Insitec Group, a conglomerate with projects in oil, banking, cement production, and infrastructure.
His influence extends across political and business spheres, giving him access to large-scale public-private ventures.
Why he leads the list:
Guebuza’s long-term contracts in energy and port logistics provide sustainable income.
He also holds equity in banks and real estate projects in Maputo and Beira.
2. Salimo Abdula – Net Worth: $850 Million
Main Sectors: Construction, Telecommunications, Energy
Salimo Abdula is one of Mozambique’s most respected entrepreneurs and a major player in the construction and telecom industries.
Business foundation:
He founded Intelec Holdings, a diversified investment group active in energy distribution, telecom infrastructure, and road construction.
How he made his money:
Abdula’s company partners with international firms in telecom and power transmission projects.
He is also a former president of Mozambique’s Confederation of Business Associations, giving him influence in national economic policies.
Why he ranks high:
His mix of domestic and regional projects gives him stable revenue, while his leadership reputation attracts consistent foreign investment.
3. Rogério Manuel – Net Worth: $700 Million
Main Sectors: Transport, Agriculture, Construction, Real Estate
Rogério Manuel is a self-made millionaire known for transforming Mozambique’s logistics and agriculture sectors.
Wealth creation journey:
He began as a transport contractor and grew his operations into a national logistics and construction group.
Manuel also served as head of the Mozambican Business Confederation (CTA), strengthening his position among the country’s business elite.
Key investments:
He owns large farms, construction equipment companies, and real estate developments in Maputo and Matola.
Why he’s on the list:
Manuel’s diversified portfolio has weathered economic shifts, especially in transport and real estate, where demand remains strong.
4. Celso Correia – Net Worth: $600 Million
Main Sectors: Agriculture, Energy, and Public Infrastructure
Celso Correia, a businessman and politician, represents Mozambique’s new generation of investor-leaders.
How he built his fortune:
Before entering politics, Correia chaired the Nacional de Investimentos (INVESTA), a company with holdings in banking, energy, and infrastructure.
His influence in agriculture modernization programs and national projects has strengthened his financial position.
Why he ranks high:
Correia combines public sector insight with private investment power. His companies manage large agricultural zones and supply-chain infrastructure, supporting food exports and local processing.
5. Sheikh Ayoob – Net Worth: $500 Million
Main Sectors: Real Estate, Import-Export, Manufacturing
Sheikh Ayoob is one of Mozambique’s wealthiest businessmen in trade and property development.
Source of wealth:
He owns Ayoob Group, a diversified company engaged in import-export trade, logistics, and real estate.
His success started in wholesale and later expanded to housing and retail projects in northern Mozambique.
What makes him unique:
Ayoob’s companies supply essential goods across provinces, earning steady revenue through trade and property rental.
He’s also known for philanthropy and religious community investments.
6. Daniel David – Net Worth: $400 Million
Main Sectors: Media, Events, Technology, Education
Daniel David is a media entrepreneur and one of Mozambique’s most innovative business figures.
Business profile:
He is the founder of SOICO Group, which owns STV, SFM Radio, and O País newspaper — Mozambique’s largest independent media network.
His company also operates in tech, event management, and education through entrepreneurship programs.
Wealth sources:
Revenue comes from advertising, content licensing, and digital platforms.
David’s group partners with global brands and supports digital transformation across Lusophone Africa.
Why he’s important:
Beyond profit, he’s a symbol of modern entrepreneurship in Mozambique — proof that influence isn’t limited to traditional industries.
7. Mahomed Anwar Jamal – Net Worth: $350 Million
Main Sectors: Manufacturing, Retail, and Energy Distribution
Mahomed Jamal, founder of Tropical Group, has interests in food processing, manufacturing, and petroleum supply.
How he became wealthy:
Starting in small-scale retail, Jamal expanded into industrial-scale production of consumer goods and energy distribution networks.
His group is one of Mozambique’s biggest suppliers of food and fuel, operating across multiple provinces.
Key achievements:
He reinvests profits into logistics and fuel storage, securing long-term control over supply chains.
8. Mussa Bin Bique – Net Worth: $250 Million
Main Sectors: Tourism, Real Estate, Fisheries
Named after the legendary founder of Mozambique Island, Mussa Bin Bique (the modern businessman, not the historical figure) has become one of the country’s leading investors in coastal tourism and hospitality.
Investment focus:
His portfolio includes luxury hotels, resorts, and fishing companies operating along the Indian Ocean coast.
He’s also a significant real estate developer in Nampula and Pemba.
Why he’s notable:
He leverages Mozambique’s natural beauty to attract foreign tourism and private investors.
9. António Simbine – Net Worth: $180 Million
Main Sectors: Construction, Mining, and Public Works
António Simbine built his wealth from large-scale government construction contracts.
Wealth background:
He owns Simbine Constructions, a civil engineering company responsible for roads, bridges, and public housing.
He also invests in mining concessions for coal and titanium.
Why he ranks here:
His long-term state contracts ensure consistent cash flow and make him one of Mozambique’s most stable industrial millionaires.
10. João Manuel – Net Worth: $150 Million
Main Sectors: Finance, Real Estate, and Agribusiness
João Manuel is an investor and former banker with deep ties in Mozambique’s financial sector.
Wealth generation:
He manages investment portfolios in real estate, hotels, and agricultural ventures.
His holdings in private banking and microfinance help small businesses grow while generating long-term profits.
Why he’s listed:
Manuel’s success shows how Mozambique’s emerging middle class and credit market are fueling new wealth.
Top Industries Making Millionaires in Mozambique
If you’re wondering which industries create millionaires in Mozambique, here’s a quick overview of the most profitable ones.
| Sector | Description | Why It’s Profitable |
|---|---|---|
| Energy & Gas | Natural gas and fuel distribution | Huge export potential and state partnerships |
| Construction | Roads, housing, and ports | Supported by public infrastructure plans |
| Telecom & Tech | Mobile and broadband | Growing digital market |
| Agriculture | Food exports, cash crops | Government-backed modernization |
| Real Estate | Housing, hotels, offices | Urban expansion in Maputo, Pemba |
| Finance | Banking, micro-lending | Expanding private credit market |
Summary Table – Richest Men in Mozambique 2025
| Rank | Name | Estimated Net Worth (USD) | Main Sectors |
|---|---|---|---|
| 1 | Armando Guebuza | $1 Billion | Energy, Construction, Banking |
| 2 | Salimo Abdula | $850 Million | Construction, Telecom, Energy |
| 3 | Rogério Manuel | $700 Million | Transport, Agriculture, Real Estate |
| 4 | Celso Correia | $600 Million | Agriculture, Energy, Infrastructure |
| 5 | Sheikh Ayoob | $500 Million | Real Estate, Trade, Manufacturing |
| 6 | Daniel David | $400 Million | Media, Technology, Events |
| 7 | Mahomed Jamal | $350 Million | Retail, Manufacturing, Energy |
| 8 | Mussa Bin Bique | $250 Million | Tourism, Fisheries, Real Estate |
| 9 | António Simbine | $180 Million | Construction, Mining, Public Works |
| 10 | João Manuel | $150 Million | Finance, Real Estate, Agriculture |
Key Lessons from Mozambique’s Richest Men in 2025
1. Diversify Across Sectors
Almost all top millionaires own businesses in at least two or three industries — a key strategy for weathering market fluctuations.
2. Invest in Infrastructure
Control over logistics, construction, or energy networks guarantees long-term profits and government partnerships.
3. Focus on Local Demand
Mozambique’s economic growth is driven by domestic consumption — food, housing, telecom, and transport remain essential sectors.
4. Build Public-Private Partnerships
Working alongside government projects has helped many businessmen scale faster and secure stability.
5. Think Regionally
Several of these men are expanding into neighboring countries like South Africa, Tanzania, and Malawi — boosting regional influence.
FAQs – Richest Men in Mozambique 2025
Who is the richest man in Mozambique in 2025?
Armando Guebuza, with an estimated net worth of around $1 billion.
Are there any billionaires in Mozambique?
Yes, Guebuza is considered Mozambique’s first billionaire, thanks to his diversified holdings in energy and construction.
Which sectors make the most millionaires in Mozambique?
Energy, real estate, agriculture, and banking.
Are Mozambique’s richest men self-made?
Many, like Rogério Manuel and Daniel David, started from modest backgrounds before building large national enterprises.
Do they invest outside Mozambique?
Yes, several have regional ventures in Southern Africa, especially in energy, construction, and trade.
Conclusion – The Future of Wealth in Mozambique
The top 10 richest men in Mozambique in 2025 show that wealth is shifting toward innovation, infrastructure, and local value creation.
From billion-dollar energy empires to modern media enterprises, these leaders prove that success in Mozambique comes through persistence, diversification, and strategic vision.
As the economy continues to grow, new industries — especially renewable energy, fintech, and tourism are expected to produce the next wave of Mozambican millionaires.
These men represent the spirit of ambition and resilience that defines Mozambique’s path to economic independence and global recognition.