Mozambique: INSS Doubles Its Investment Portfolio

Maputo — Mozambique’s National Social Security Institute (INSS) doubled, from 2020 to the first half of 2024, its investment portfolio, from 34 billion to around 72 billion Meticais (from 532.1 million dollars to 1.1 billion dollars at the current exchange rate).

According to the former deputy minister of labour, Rolinho Farnela, cited in the INSS website, during the same period, investment income exceeded the projections.

“We are continuing to guide the INSS towards safe and profitable…