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Financing Opportunities for Energy Access Companies in Mozambique

From energypedia
Revision as of 15:37, 28 September 2021 by ***** (***** | *****) (Created page with "Access to Financial Services and Products Access to finance is difficult for renewable energy companies in Mozambique due to sectoral and legal framework conditions, high inte...")
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Access to Financial Services and Products Access to finance is difficult for renewable energy companies in Mozambique due to sectoral and legal framework conditions, high interest rates, required collateral and lack of information. According to World Bank’s Doing Business report, Mozambique scores 25 with regard to getting credit (with 0 being the lowest and 100 the highest score). The degree to which collateral and bankruptcy laws protect the rights of borrowers and lenders, and thus facilitate lending, is especially low with an index of 1 (out of 12). Furthermore, only 7.6% of individuals and firms are listed in a credit registry.