Gapi-SI
Gapi-SI is Mozambique's only registered Development Finance Institution, providing financing, institutional development, and business training to MPMEs, youth, and women entrepreneurs across all 11 provinces via 15 delegations and 20 rural finance posts.
- Company typePrivate
- Founded1990
- HeadquartersMaputo, Mozambique
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Gapi-SI does
Gapi-SI (Gapi – Sociedade de Investimento, S.A.) is Mozambique's only Development Finance Institution registered with Banco de Moçambique as an Investment Society, operating since 1990 from its headquarters in Maputo. The institution provides financing, institutional development services, and business consulting and training to micro, small, and medium enterprises (MPMEs), with particular focus on agriculture, rural commerce, youth, and women entrepreneurs across all 11 provinces of Mozambique. Service delivery is anchored in a national network of 15 provincial delegations and 20 rural finance posts (microbanks), supplemented by a 30-provider decentralized BDS network and 12 modular INCUBOX facilities in the north.
The business operates through three pillars: direct and indirect financing, institutional capacity-building for microbanks and rural finance outlets, and business consulting/technical assistance. Programs are largely donor-funded and channel concessionary capital from the European Union, USAID, KfW, DANIDA, the Aga Khan Foundation, La Caixa, Mozal, and others into discrete facilities (INCUBOX II, Nhluvuko, Fundo de Resiliência, REFP, Agro-Garante, MozTrabalha II, Moz Inclusive Agribusiness, F4SD). Revenue is generated through interest income on the loan portfolio, fees, returns on equity stakes in subsidiaries (Caixa Mulher, Ologa, CITRUM, IKURU, Centagri, Cepagri), and donor-funded service contracts. Technology is not a differentiator; recent digital initiatives (National Microfinance Platform launched March 2026, F4SD information platform, AMOMIF digital microfinance consortium) represent incremental digitization of distribution rather than AI-native product development. The organization is privately held following the December 2006 sale of the National Treasury's 70% stake, employs 101-250 people, and is governed by Chairman Dr. Lourenço Rosário.
Gapi-SI firmographics
Firmographics- Name
- Gapi-SI
- Legal name
- Gapi – Sociedade de Investimento, S.A.
- Website
- https://gapi.co.mz
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Gapi-SI is Mozambique's only registered Development Finance Institution, providing financing, institutional development, and business training to MPMEs, youth, and women entrepreneurs across all 11 provinces via 15 delegations and 20 rural finance posts.
- Ownership category
- akta.pro rank
Gapi-SI industry classification
Industry- Product category
- Development Finance
- NAICS
- Credit Intermediation and Related Activities (522), Commercial Banking (522110), Savings Institutions and Other Depository Credit Intermediation (52218)
- SIC
- Miscellaneous Business Credit Institution (6159), Federal & Federally-Sponsored Credit Agencies (6111), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- SME/Industrial Development Banks (FSABAKAF)
- akta.pro secondary industries
- Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ), SME, Microfinance & Financial Inclusion Facilities (BPADACAI), Microfinance, Financial Inclusion & Inclusive Markets (BPAGABAM)
Keywords
Where Gapi-SI is headquartered
LocationHeadquarters
- HQ city
- Maputo
- HQ country
- Mozambique
- HQ region
- Africa
Offices5 records
Markets served
Gapi-SI business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Development Financing: Gapi provides financing to MPMEs through various credit lines and financial products, channeling funds from international donors and development partners into the rural economy. The institution earns interest income and fees from loan operations.
- Institutional Development Services: Gapi provides technical assistance, business consulting, and capacity building services to entrepreneurs and enterprises, often funded through development programs.
- Investment Portfolio: Gapi holds equity stakes in participating companies including Caixa Mulher, Ologa, Citrinos de Umbeluzi (CITRUM), and IKURU, generating returns on investments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | INCUBOX smartphone access program with phased payments |
| Transaction based/ take rate | Pay-as-you-go | Nhluvuko Project financing for youth entrepreneurs |
| Subscription | Monthly | Rural Business Credit Line (Line for Rural Business) - ADEMUCHA group financing |
| Usage-based | Monthly | Impulso Negócio Jovem (Youth Business Impulse) - Fundo de Resiliência product |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Gapi-SI product offering
Product offeringCore offering
Gapi-SI is a Development Finance Institution (IFD) registered with Banco de Moçambique as a Sociedade de Investimentos (Investment Society) that delivers three integrated service lines: (1) direct financing to micro, small and medium enterprises (MPMEs) through credit lines and refinancing schemes, (2) institutional development and capacity building for partner microbanks and rural finance outlets, and (3) business consulting, training, and technical assistance for entrepreneurs. Services are channelled via a national network of 15 provincial delegations and 20 rural finance posts (microbanks), with thematic programs targeting agriculture, youth, and women entrepreneurs.
Product overview
Gapi-SI is a Development Finance Institution (IFD) registered with Bank of Mozambique as a Sociedade de Investimentos (Investment Society). The company operates a three-pillar service model: Financing (direct lending and refinancing schemes), Institutional Development (capacity building for microbanks and rural finance outlets), and Business Consulting and Training. These core services are delivered through multiple named programs including Moz Inclusive Agribusiness, INCUBOX II (youth entrepreneurship with 12 modular incubators), MozTrabalha II (ILO partnership for forestry/construction sectors), Nhluvuko (youth/women entrepreneurship with Mozal), Fundo de Resiliência (USAID co-funded disaster recovery), REFP (rural enterprise financing), Agro-Garante (credit guarantee fund), and PROSUL (agricultural value chain development). The company also manages the F4SD information platform on Sustainable Development Goals. A network of 15 national delegations and 20 rural finance outlets provides nationwide coverage.
Differentiator
Problem solved
Functional benefit
Brands
- INCUBOX: Youth entrepreneurship and incubation program in Northern Mozambique (Niassa, Cabo Delgado, Nampula) - eco-friendly modular incubators with solar energy and Wi-Fi connectivity
- Nhluvuko
- Fundo de Resiliência
- Fundo KfW
- Agro-Jovem
- Agro-Garante
- PROSUL
- MozTrabalha
- Moz Inclusive Agribusiness
- F4SD (Finanças para o Desenvolvimento Sustentável)
Products and services
- Financiamento (MPME Financing) Direct lending and refinancing schemes for micro, small and medium enterprises (MPMEs) operating in agriculture, livestock, fishing, rural commerce, and adjacent value chains. Gapi channels donor and concessionary capital through credit lines tailored to youth, women, and rural entrepreneurs.
- Desenvolvimento Institucional (Institutional Development) Capacity-building support to strengthen partner institutions including microbanks, rural finance outlets, and community-based organisations, helping them extend financial services to underserved populations.
- Consultoria e Capacitação Empresarial (Business Consulting and Training) Business development services comprising training, coaching, mentoring, and technical assistance delivered to entrepreneurs and small businesses, often via a decentralised network of Business Development Services (BDS) providers.
- INCUBOX II Youth entrepreneurship incubation program offering pre-incubation, incubation, monitoring, and community mobilisation services, co-funded by the European Union and Aga Khan Foundation. Targets 40% women-led startups and an estimated 3,000-3,250 direct jobs.
- Nhluvuko Entrepreneurship development project in Maputo province providing business management training and financing ranging from 250,000 to 1,000,000 Meticais per beneficiary, with 53% of beneficiaries being women and 64% of funds channeled to women's initiatives.
- MozTrabalha II Sustainability and employment program providing technical training, mentoring, market linkage, and financing facilitation for vocational trainees and micro-entrepreneurs in forestry, wood processing, and sustainable construction sectors.
- Fundo de Resiliência (Resilience Fund) Disaster recovery and resilience credit line providing financing and technical assistance to MPMEs affected by natural disasters and COVID-19, offering 0.75% monthly (9% annual) interest rates with flexible collateral requirements, particularly for youth-led businesses.
- REFP (Projecto de Financiamento de Empreendimentos Rurais) Rural enterprise financing project providing credit and technical assistance to rural entrepreneurs in agriculture, fishing, and rural trade value chains, with priority given to women and youth.
- Agro-Garante Credit guarantee fund for agribusiness SMEs, providing partial credit guarantees to commercial banks to enable financing of agro-business enterprises that lack conventional collateral.
- Agro-Investe / Agro-Empreender / Agro-Jovem Family of agricultural financing programs: Agro-Investe as umbrella, Agro-Empreender for small and medium operators, and Agro-Jovem for youth in agricultural value chains. Designed and implemented by Gapi, funded by DANIDA.
- PROSUL (Value Chain Development Project) Value chain development project supporting smallholder farmers in Maputo and Limpopo Corridors through Farmer Field School methodology applied to horticulture and other agricultural value chains.
- Moz Inclusive Agribusiness Strategic program strengthening inclusive finance and agribusiness ecosystem in the Nacala Corridor and Zambezi Valley, focusing on corn and soybean value chains with a decentralised BDS service delivery model.
- Plataforma Nacional de Microfinanças (National Microfinance Platform) National platform enabling microfinance access for small businesses, providing a unified channel for MPME financing services.
- F4SD Platform (Finanças para o Desenvolvimento Sustentável) Information and debate platform on Sustainable Development Goals (SDGs) and finance for sustainable development, providing a public knowledge resource.
- Work4Progress Community innovation and sustainability program for vulnerable populations, providing access to credit and productive opportunities, implemented with consortium partners and funded by La Caixa Foundation.
Quantifiable outcome
- 3,000-3,250 direct jobs expected from INCUBOX startup ecosystem
- +6 more outcomes
Companies that use Gapi-SI
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles3 records
Gapi-SI technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Gapi-SI partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered strategic, minor and core.
- IUCN (União Internacional para a Conservação da Natureza)strategicSigned MoU for cooperation in sustainable development initiatives, financial inclusion, and promotion of resilient value chains. Partnership focuses on resource mobilization and implementation support.
- GOPA AFCminorGerman international consulting firm providing capacity building for Gapi staff, improvement of institutional norms, and exploring collaboration opportunities for MSME promotion and development.
- AMOMIF (Associação Moçambicana de Operadores de Microfinanças)strategicConsortium with AMOMIF, New Faces New Voices, and CCM to expand digitized microfinance services prioritizing women entrepreneurs through digital processes.
- Fundação Aga KhancorePartnership with the Aga Khan Foundation for implementation of the INCUBOX program, promoting youth entrepreneurship in Northern Mozambique. Joint initiative combining Gapi's financial services with the Foundation's development expertise.
- Organização Internacional do Trabalho (OIT/ILO)corePartnership through MozTrabalha II project addressing sustainable employment in forestry, wood processing, and construction sectors across Niassa, Zambezia, Manica, and Sofala provinces.
- MozalcoreNhluvuko project implemented by Gapi with Mozal funding. Partnership supports youth and women's entrepreneurship in Matola and Boane districts through training and financing.
- Fundo de Fomento à Habitação (FFH)strategicPartnership for developing affordable, sustainable, and climate-resilient housing financing mechanisms in Mozambique.
- ANAMM (Associação Nacional dos Municípios de Moçambique)strategicCooperation agreement for technical and financial assistance programs stimulating local communities and entrepreneurs organized in municipalities to invest in sustainable MPMEs.
- UNIDOminorEU-funded training program for export to international markets, preparing institutions to support business development services for exporters.
- Work4Progress Consortium (Ayuda en Acción, Cesal, Enraíza Derechos)corePlatform including Ayuda en Acción, Cesal, and Enraíza Derechos under FUNDE supervision, funded by La Caixa Foundation, implementing Work For Progress programs.
- CTA (Confederação das Associações Económicas de Moçambique)strategicGapi and CTA created the Northern Competitiveness Fund with initial Gapi contribution of USD 1 million to support SME growth.
- SADC DFRC (Development Finance Resource Centre)minorGapi participates in SADC Development Finance Resource Centre activities, contributing to regional development finance discussions and best practices.
Scale indicators13 records
Recent moves10 records
Expansion highlights6 records
Gapi-SI competitors and assessment
Company assessmentBroad incumbents
- African Development Bank (AfDB): Pan-African multilateral DFI with a development-finance mandate covering infrastructure, SME finance, and financial inclusion across the continent. Comparable in Africa-focused DFI mandate, though much larger and more diversified than Gapi.
- International Finance Corporation (IFC): World Bank Group's private-sector DFI arm operating globally with significant African presence. Comparable in mandate (private-sector development, SME finance, financial inclusion) but at materially larger scale and broader geographic footprint than Gapi.
Regional players
- Letshego Africa Holdings: Pan-African inclusive finance group providing unsecured credit and savings to salaried workers and micro-entrepreneurs across multiple African markets. Comparable to Gapi in financial-inclusion mandate and microenterprise lending focus, though operating in different geographies and customer segments.
Direct peers
- FMO (Dutch Entrepreneurial Development Bank): Dutch bilateral DFI investing in private-sector growth across emerging markets, including Africa. Highly comparable to Gapi in mandate (SME finance, financial inclusion, climate) and in blending concessional and commercial capital, though at materially larger scale.
- British International Investment (BII): UK's development finance institution investing in businesses across Africa and South Asia. Highly comparable in DFI mandate and African SME focus, though at significantly larger scale.
- Proparco: French DFI subsidiary of AFD focused on private-sector development in Africa, Middle East, and Asia. Comparable to Gapi in targeting SME financing, financial inclusion, and agribusiness in emerging markets with concessional and commercial capital.
- Opportunity Bank Mozambique: Mozambican microfinance bank focused on financial inclusion for underserved and rural customers. Directly comparable to Gapi in microfinance delivery, rural customer base, and Mozambique-specific operating context.
- KfW Development Bank: German state development bank and one of Gapi's largest funders (REFP, Fundo KfW). Directly comparable in DFI mandate and SME/agricultural finance focus, and serves as both a funder and a peer in the broader African DFI ecosystem.
- DEG (Deutsche Investitions- und Entwicklungsgesellschaft): German DFI financing private-sector investments in developing countries. Directly comparable to Gapi in DFI mandate, SME focus, and bilateral-development-bank DNA; shares German development-bank origins with Gapi's KfW funders.
- Banco Nacional de Investimento (BNI): Mozambique's national investment and development bank, directly comparable to Gapi as the country's other principal development-finance institution focused on SME and project financing. Both operate under Banco de Moçambique oversight and target similar national-priority sectors.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Gapi-SI social profiles
Digital presenceGapi-SI financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gapi-SI leadership team
Management profileNumber of profiles
Profiles1 record
Gapi-SI subsidiaries and ownership
Company hierarchySubsidiaries6 records
Gapi-SI funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gapi-SI M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Gapi-SI
What does Gapi-SI do?
Gapi-SI is a Development Finance Institution (IFD) registered with Banco de Moçambique as a Sociedade de Investimentos (Investment Society) that delivers three integrated service lines: (1) direct financing to micro, small and medium enterprises (MPMEs) through credit lines and refinancing schemes, (2) institutional development and capacity building for partner microbanks and rural finance outlets, and (3) business consulting, training, and technical assistance for entrepreneurs. Services are channelled via a national network of 15 provincial delegations and 20 rural finance posts (microbanks), with thematic programs targeting agriculture, youth, and women entrepreneurs.
Is Gapi-SI a public or private company?
Gapi-SI is a private company. It is classified as unknown and is currently operating.
When was Gapi-SI founded?
Gapi-SI was founded in 1990. It employs 101 to 250 people.
Where is Gapi-SI based?
Gapi-SI is headquartered in Maputo, Mozambique, in the Africa region.
How does Gapi-SI make money?
Three revenue lines are on record. Development Financing is the primary driver. The others are institutional Development Services and investment Portfolio.
Who are Gapi-SI's main competitors?
Broad incumbents on record are African Development Bank (AfDB) and International Finance Corporation (IFC). Letshego Africa Holdings is listed as a regional player. Direct peers are FMO (Dutch Entrepreneurial Development Bank), British International Investment (BII), Proparco, Opportunity Bank Mozambique, KfW Development Bank, DEG (Deutsche Investitions- und Entwicklungsgesellschaft) and Banco Nacional de Investimento (BNI).
Does Gapi-SI have an API?
No public API is recorded for Gapi-SI.
What industry is Gapi-SI in?
Gapi-SI's product category is Development Finance. Its primary akta.pro industry code is FSABAKAF, SME/Industrial Development Banks, with a secondary code of BPADACAJ, Private Sector & Blended Finance Arms (IFC-type). Its NAICS code is 522 and its SIC code is 6159.