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Corridors of Power: How Maputo, Beira and Nacala Earn from Africa's Landlocked Heart

Six landlocked neighbours need the sea, and Mozambique has three ports to sell them. Record volumes at Maputo, a container boom at Beira and a coal railway at Nacala — and a new US-backed rival on Africa's other coast.

October 11, 2026Economic Intelligence · Region Desk6 min read
At a glance
32.0mt
Port of Maputo, 2025
Record; up 3.4%
412,100TEU
Beira containers, 2024
Up 26% year on year
~50%
SA chrome via Maputo
MPDC
$48.9m
Maputo concession fees
Paid to the state in 2025
$2bn
Maputo investment plan
Concession extended to 2058
In brief

Geography as an export

Mozambique's most reliable export may be its coastline. Behind it lie Zimbabwe, Zambia, Malawi, Eswatini, Botswana and the mineral belt of South Africa's Mpumalanga and Limpopo provinces — economies that must cross Mozambican territory, or go much further, to reach the Indian Ocean.

32.0 mthandled by the Port of Maputo in 2025, a record
412,000containers (TEU) through Beira in 2024, up 26%
~50%of South Africa's chrome exported via Maputo
2058new end date of the Maputo port concession

Three ports, each anchoring a corridor, turn that geography into revenue: Maputo for South Africa and Eswatini, Beira for Zimbabwe, Zambia and Malawi, and Nacala for Malawi and the coal of Tete. This article compares them, explains who uses them, and sets out the competition they face.

Exhibit 1
Three ports, five corridors: Mozambique's gateways to the interior
Mozambican ports
Hinterland hubs
Rival ports

Corridor alignments are schematic.

Source: Economic Intelligence. Basemap © Esri, © OpenStreetMap contributors.

01 · The giant

Maputo: South Africa's other port

The Port of Maputo handled a record 32.0 million tonnes in 2025, up 3.4% from 30.9 million tonnes in 2024. Much of it is South African: chrome, coal, magnetite and ferro-alloys from the mines of Mpumalanga and Limpopo, which often find Maputo closer, cheaper or simply less congested than Richards Bay or Durban. The port's general manager has said it now handles around half of all chrome produced in South Africa — the world's largest producer.

The port is run by the Maputo Port Development Company (MPDC), a partnership between Mozambique's state railway company CFM, DP World and Grindrod. In 2024 the government extended the concession by 25 years to April 2058, in exchange for a $2bn investment programme, $600m of it in the first three years. Planned works take the bulk terminal to 16 million tonnes, DP World's container terminal to 530,000 TEU and the Grindrod magnetite and coal terminal to 12 million tonnes. The concession paid the state $48.9m in fees in 2025, excluding taxes and dividends.

The bottleneck is on land. Rail volumes reached 11.7 million tonnes in 2025, up from 9.7 million, but most cargo still arrives by truck, and queues at the Lebombo–Ressano Garcia border regularly stretch for kilometres. Doubling the Ressano Garcia rail line from 8 to 20 million tonnes of capacity is the single most important fix.

Exhibit 2
Port of Maputo: record volumes and planned capacity, million tonnes

Capacity targets from the concession expansion plan.

Source: MPDC (Jan 2026); US International Trade Administration.

02 · The efficient one

Beira: the container boom

Beira was ranked the most efficient container port in Southern Africa in the World Bank's 2023 Container Port Performance Index, and the numbers since have borne that out. The terminal operated by Cornelder de Moçambique handled 412,100 TEU in 2024, up from 327,300 in 2023 and nearly double the 2015 level. General cargo reached 4.05 million tonnes.

Zimbabwe is the largest user: tobacco exports through the corridor have risen above 300,000 tonnes a year, alongside chrome, lithium and petalite. Zambia ships fertiliser in — more than 500,000 tonnes in 2024, from under 100,000 tonnes in 1998 — and manganese and timber out. Cornelder targets 700,000 TEU of container capacity and a new 700-metre quay.

Exhibit 3
Beira container terminal: throughput, thousand TEU, 2010–2024

Volumes rose 26% in 2024 alone.

Source: Cornelder de Moçambique (Beira 2025 presentation).

Exhibit 4
Beira general cargo terminal, million tonnes

Source: Cornelder de Moçambique (Beira 2025 presentation).

03 · The deep one

Nacala: the deepest harbour, the narrowest base

Nacala has the deepest natural harbour on Africa's east coast, but its commercial port handled only about 1.4 million tonnes in 2024, including some 100,000 TEU. Its weight comes from the separate coal terminal at Nacala-a-Velha, fed by the 900km-plus railway from the Moatize mine in Tete through Malawi — built by Vale and sold, with the mine, to India's Jindal-owned Vulcan in 2021 for $270m.

Nacala's ambition is to become more than a coal port: an outlet for Malawi's agriculture, northern Mozambique's cashew and pulses, and potentially an east–west rail link to Angola's Lobito corridor. That would make it the first rail connection across southern Africa from the Indian to the Atlantic Ocean.

Exhibit 5
Mozambique's three gateway ports compared
Maputo / MatolaMPDC (CFM, DP World, Grindrod)32.0 mt (2025)South Africa, Eswatini, Zimbabwe, BotswanaChrome, coal, magnetite, containers, fuelImproving
BeiraCornelder de Moçambique (general cargo, containers)412,100 TEU; 4.05 mt general cargo (2024)Zimbabwe, Zambia, Malawi, DRCTobacco, fertiliser, chrome, lithium, grainImproving
Nacala (commercial port)CFM / Portos do Norte1.4 mt incl. ~100,000 TEU (2024)Malawi, northern Mozambique, ZambiaContainers, fuel, agricultural goodsStable
Nacala-a-Velha coal terminalVulcan (Jindal group)Not publishedTete coalfields via MalawiCoking and thermal coalStable

Volumes are not directly comparable: Maputo reports total port tonnage; Beira's figures are for the Cornelder terminals.

Source: MPDC; Cornelder; Vieira de Almeida (2026); High Commission of India, Maputo.

04 · The rivals

The competition: Durban, Dar and Lobito

Mozambique's ports compete on three fronts. To the south, South Africa's Durban and Richards Bay are bigger and better connected but often congested and slower; every delay there is a marketing opportunity for Maputo. To the north, Dar es Salaam competes for Zambian and Congolese copper and for Malawian trade, backed by Tanzania's new standard-gauge railway.

The newest rival is on the other coast. The Lobito corridor through Angola, backed by the United States and the European Union, aims to carry Zambian and Congolese copper and cobalt to the Atlantic. Every tonne that goes west is a tonne that does not come through Beira or Dar es Salaam.

Mozambique's ports are not competing for cargo that has nowhere else to go. They are competing for cargo that has more options every year.
Exhibit 6
Who Mozambique's ports compete with
Durban and Richards Bay (South Africa)MaputoSouth African minerals, Eswatini tradeMedium
Dar es Salaam + standard-gauge railway (Tanzania)Beira, NacalaZambian and Congolese copper, Malawian tradeHigh
Lobito corridor (Angola, US/EU-backed)Beira, Dar es SalaamZambian and Congolese copper and cobaltHigh
Walvis Bay (Namibia)Beira, MaputoZambian, Botswanan and Zimbabwean tradeLow

Editorial assessment of competitive pressure over the next five years.

Source: Economic Intelligence analysis.

05 · Takeaways

What it means for business

  • Logistics is the growth sector. Warehousing, trucking, clearing and forwarding, and inland dry ports along the N4, Beira and Nacala corridors grow with every new mine in the hinterland.
  • Rail capacity is the prize. Rail upgrades — Ressano Garcia, Machipanda, Sena — will shift market share between corridors more than port expansions will.
  • Borders decide costs. Single-window clearance and 24-hour border posts are worth more to transit users than new quays.
  • Diversify the cargo base. Nacala's dependence on coal and Maputo's on South African minerals expose both to commodity cycles.

Sources

This report draws on 7 cited sources. View them in Sources cited in every report →