Strategic Investments


TELECOMMUNICATIONS

Industry brief: The Telecommunication Sector belongs to the second largest Sector of the economy in terms of contribution to the GDP (the Transport and Communication Branch), which contributed with 12.7% in 2015, having been suppressed only by the Agriculture Sector, which had a contribution of 21.1% (Banco de Moçambique, Annual Report 2015).
     
The mobile segment in particular has shown strong growth  since the introduction of competition in 2003 between Vodacom Mozambique and Mcel. Moreover, authorities have been steadily deregulating the market, with a third cellular network operator entering the market in 2011. There has been massive investment in communications infrastructure, and at present Vodacom is market leader with approximately 45 %. 

Whatana's Goal: Whatana seeks to continue to contribute to maintain Vodacom as market leader and contribute to provide top class services to the market, while helping safeguarding the national interests.

 

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FINANCIAL SECTOR

Industry brief: In December 2015, the Mozambican banking system total assets reached an increase of 18% (totaling MT 460 Billions) against MT 375 Billions of the same period in 2014, as the credit was the major contributor by making 51% of the total asset structure, despite its share being less than in the same period of 2014, 53% (Banco de Mocambique Annual Report 2015).

Competition in the financial sector has been increasing, having the bank agencies growing 11.11% % from 544 in 2014 to 612 in 2015 (Banco de Mocambique Annual Report 2015, KPMG Banking Survey 2016) and it is highly anticipated that the rankings will be very disputed in the long run, as it is evident that there is still a lot of work to be do on the expansion of the banking services throughout the country as the majority of the branches are concentrated in Maputo, Matola and big cities. In this line, Bayport Financial Services Mozambique is growing by expanding through unbanked regions of the country. Bayport should become a top 10 bank on Loan Book by end 2017.
 

Whatana's Goal: To build Bayport to become one of the top niche banks in the Market, as well as maximize financial participation in an investment in a strategic economic sector with significant potential for growth and to bring financial solutions to a large, unbanked Mozambican population (low–medium income).

 

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PROPERTY DEVELOPMENT

Industry brief: Following a great period for the Real Estate (2012 – 2014), the challenges being faced by the Mozambican economy since 2015 have been impacting largely the Property Sector with the prices of properties (in both residential and commercial) falling by some 40% in 2016 in some areas in Maputo, Matola and the main metropolitan cities (Casa Mozambique, 2017), taking the supply overwhelming the demand. Despite this scenario the retail side continues resilient being relatively less impacted.

Since the economy will continue to expand and diversify geographically, despite the current poor performance, with a combination of proper macro-economic and fiscal policies with a renewed sense of political stability that will provide confidence for Foreign Direct Investment (FDI) inflow, this sector can regain the previous performance. Additionally, there is still a need for middle class developments, at more affordable prices.
 

Whatana's Goal: Whatana is pursuing a dedicated strategy to participate in the sector by getting involved in the small-middle sized residential and commercial business.

 

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