What You Need to Know
The Mozambique Grain Institute (ICM) and BCI Bank have met to enhance collaboration on rice and wheat imports. The meeting focused on the banking sector’s role in the new importation mechanism, aiming for efficient and transparent operations. BCI will provide training to ICM staff to improve process management and mitigate risks.
Africa-Press – Mozambique. The Director-General of the Mozambique Grain Institute (ICM), Luís Jobe Fazenda, held a working meeting this Wednesday, 11 February 2026, with the management of the Commercial and Investment Bank (BCI). The main objective of the meeting was to deepen understanding of the role of the banking sector in the new mechanism for the importation of rice and wheat in the country.
The BCI bank, identified as one of the key stakeholders in this process, will collaborate directly with the Mozambique Grain Institute to ensure the smooth running of financial and logistical operations.
During the session, the parties discussed the operational framework of the mechanism, with a view to ensuring that the transition to this model takes place in an efficient and transparent manner.
As an immediate outcome of the meeting, it was agreed that BCI will provide specialised training to staff of the Mozambique Grain Institute.
This initiative aims to strengthen the technical capacity of the Institute’s team, enabling improved process management and the mitigation of financial and operational risks that may arise from the implementation of this new import system.
With this step, the Mozambique Grain Institute (ICM, IP) reaffirms its commitment to establishing strong partnerships with leading financial institutions, ensuring stability and security in the supply of essential cereals to the domestic market.
The Mozambique Grain Institute (ICM) plays a crucial role in managing grain imports, particularly rice and wheat, which are essential for food security in the country. The collaboration with BCI Bank is part of a broader strategy to streamline import processes and ensure that the domestic market remains stable and secure. This partnership reflects the increasing importance of financial institutions in agricultural supply chains, especially in developing economies like Mozambique, where efficient logistics and financial management are vital for sustaining food supplies.
