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Today β€” 28 February 2026Main stream

Mozambique Launches Modernized E-Visa Gateway for Global Travel and Investment Involving 183 Countries: What You Need to Know

28 February 2026 at 04:23
Mozambique Launches Modernized E-Visa Gateway for Global Travel and Investment Involving 183 Countries: What You Need to Know

The doors of Mozambique are being opened to the global community through the implementation of a modernised digital transformation initiative. A new electronic visa system has been launched, and this development is considered a critical component of the broader border modernisation agenda orchestrated by the Government of Mozambique. Efficiency, transparency, and the convenience of travellers are aimed to be improved so that increased tourism and investment flows into the nation can be effectively supported and managed.

The technological infrastructure for this initiative is powered by VFS Global. This entity is recognized globally for empowering secure mobility solutions for both governments and citizens alike. Advanced automation, highly secure data processing capabilities, and a robust cloud-based infrastructure are introduced by this modernized digital platform. Consequently, online applications for visas to Mozambique are now enabled for travellers originating from 183 distinct countries. It is noted that Sri Lanka is included within this extensive list of approved nations. Non-judgmental and administrative aspects of the application process are managed seamlessly through this fully integrated and secure electronic solution. A multitude of travel categories are covered by the system, encompassing Tourist, Business, Crew Transhipment, Sports and Culture, Humanitarian Assistance, and Oil and Gas purposes. Furthermore, a wide spectrum of stay durations is accommodated, ranging from brief short-term visits to extended long-term residencies of up to two years. All of these diverse options are facilitated comprehensively through a single, unified digital interface. Observations regarding these significant advancements in travel facilitation were documented by Jiten Vyas.

Strategic Recalibration in Digital Asset Investments

Within an industry that is frequently characterized by high velocity, market volatility, and viral marketing campaigns, a deliberate recalibration of investor messaging was recently showcased in Sri Lanka. A community activation event was hosted by Binance at the One Galle Face Mall, where a distinctly cautious and educational approach was emphasized. A Valentine-themed slogan was chosen for the event, which conveyed the message that true affection is not rushed, and similarly, investments in digital assets should be approached with deliberate patience by smart investors. Behind this seasonal branding, a more strategic narrative was embedded. This narrative is deeply aligned with the post-cycle shift of the digital asset industry toward strict compliance, enhanced financial literacy, and comprehensive risk awareness.

Periodic interest in digital assets has been historically demonstrated by the retail investor base in Sri Lanka, especially during times of local currency pressure and widespread global market rallies. However, critical gaps in financial literacy and a vulnerability to schemes promising extraordinarily high yields have also been exposed by this market participation. Therefore, investor caution was heavily leaned into during the event. Participants were actively reminded by organizers that unsolicited financial offers must be scrutinized, guarantees of rapid returns should be avoided, and sensitive information, including private keys and passwords, must be rigorously protected.

The necessity of such emphasis is underscored by the occasional surfacing of informal and unregulated schemes within the market, making reputational risk management just as vital as community engagement. Additionally, the Binance Academy was prominently spotlighted. This educational platform was positioned as the foundational element required for long-term and sustainable participation within blockchain ecosystems. Although consumer electronics giveaways and raffles were featured to drive physical footfall, the broader objective of grassroots brand consolidation was clearly pursued. A hybrid strategy was suggested by these physical activations in high-traffic urban centres, wherein digital scale is complemented by localized efforts to build trust. For a global exchange that is operated within increasingly scrutinized regulatory frameworks, the nurturing of responsible retail participation is viewed as both a defensive measure and an expansionary tactic. Digital asset investing was framed as a measured journey that must be rooted firmly in knowledge and security. Through this framing, an alignment with the pivot of the industry toward long-term sustainability rather than speculative exuberance was achieved. The underlying subtext of the campaign was unmistakable; future growth in emerging markets like Sri Lanka will be dependent far less on fleeting price momentum and significantly more on established credibility. The message delivered during the event was less about romance and more focused on the rigorous calibration of financial risk. Thus, a broader industry truth was captured: the next phase of digital asset adoption will be defined by endurance rather than impulse. These market observations were detailed extensively by Sanath Nanayakkare.

Market Fluctuations and Fiscal Policy Apprehensions

On the Colombo Stock Exchange, early morning gains were observed to evaporate sharply during the afternoon trading session. A wave of nervous selling was swept through the market, a reaction that was triggered by widespread speculation regarding impending fiscal policies. It was rumored that a fresh tax of ten to fifteen percent on unlisted corporate entities is being mooted by the government. Even though the proposed levy is currently targeted at businesses operating outside the immediate purview of the Colombo Stock Exchange, significant wariness was grown among market participants. Fears were stoked that this measure might serve as a signal for a broader shift in fiscal policy, potentially foreshadowing future tax hikes that could eventually engulf listed companies and severely dent overall corporate earnings.

Amidst these unfolding developments, the daily turnover was capped at a relatively modest figure of Rs 369 million, despite the execution of fourteen separate block trades, which are known as crossings. The turnover was mainly contributed to by the top seven crossings. Specifically, 1.60 million shares of Commercial Bank were crossed to the tune of Rs 359.7 million, with the share price being traded at Rs 223. Similarly, 2.7 million shares of Renuka Foods were crossed for Rs 179.6 million at a traded price of Rs 63.50. Additionally, 300,000 shares of LOLC Holdings were crossed, contributing Rs 171.9 million at a price of Rs 573. It was also recorded that 821,000 shares of Sampath Bank were crossed for Rs 132 million at Rs 161 per share. Furthermore, 484,000 Non-Voting shares of Commercial Bank were crossed for Rs 98.9 million at Rs 204. Two million shares of Sierra Cables were crossed, amounting to Rs 69.6 million at a price of Rs 34.80. Finally, 200,000 Non-Voting shares of Citizens Developments Business Bank were crossed for Rs 62.9 million, trading at Rs 324.

In the retail sector, the turnover was mainly driven by seven specific companies. Significant contributions were made by Renuka Agri with Rs 1.14 billion from 82.4 million traded shares, and Softlogic Finance with Rs 653.9 million from 115 million traded shares. Contributions were also seen from Sampath Bank with Rs 270.8 million, Softlogic Capital with Rs 230 million, JKH with Rs 201 million, LOLC Holdings with Rs 171.9 million, and LMF with Rs 171 million. Throughout the day, a total volume of 369 million shares was changed hands across 39,059 individual transactions. Strong performances were said to be recorded by companies related to the banking and agriculture sectors. Specifically, within the banking sector, notable performances were exhibited by Sampath Bank and Commercial Bank. Furthermore, significant activity within the manufacturing sector, particularly concerning JKH, was also observed in the market. These financial metrics and market movements were reported by Hiran H Senewiratne.

Unprecedented Milestones in the Banking Sector

A remarkable performance milestone was achieved by the Commercial Bank of Ceylon in the year 2025. The distinction of becoming the first private sector bank in the country to have its loan book expanded beyond the Rs 2 trillion mark was attained. A monumental growth of Rs 541 billion was recorded over a twelve-month period. This expansion was sustained at a monthly average of over Rs 45 billion, a feat by which the deep commitment of the institution to the national economic resurgence was clearly demonstrated. The highest annual loan growth in absolute terms throughout the entire history of the institution was recorded.

It was stated by the Bank that gross loans and advances for the year ending on the thirty-first of December 2025 were grown by 36.37 percent to reach Rs 2.028 trillion. Consequently, total assets were taken to an impressive Rs 3.258 trillion. An increase of Rs 468 billion, or 16.78 percent, was reflected by these figures, demonstrating a growth rate that was more than double the expansion recorded in 2024. Furthermore, the net assets value per share of the Bank was improved to Rs 198.30, an increase from the Rs 170.94 recorded at the end of 2024. Total deposits were grown by 16.65 percent, amounting to an increase of Rs 372 billion over the twelve months, bringing the year-end total to Rs 2.6 trillion. An average deposit growth of over Rs 30 billion per month was reflected by this trajectory, a milestone that was achieved despite the prevalence of relatively lower interest rates. The CASA ratio of the Bank, an indicator that is widely considered to be the best in the industry, was improved to 39.65 percent from the 38.07 percent recorded as of the thirty-first of December 2024.

The focus of the institution was stated by Sharhan Muhseen, the Chairman of Commercial Bank, to remain steadfastly on the core fundamentals by which shareholder value is sustained. These fundamentals were identified as earnings resilience, robust balance sheet strength, highly disciplined risk management, and a strategic approach that is continually responsive to evolving customer and market needs. The performance in 2025 was affirmed as a direct validation of the value of that focused approach. It was further articulated by Sanath Manatunge, the Managing Director and Chief Executive Officer of Commercial Bank, that the simultaneous advancement of scale and discipline was successfully proven in 2025. Lending was grown, and digital activities were accelerated, while asset quality and the overall resilience of the balance sheet were simultaneously strengthened.

In an official filing submitted to the Colombo Stock Exchange, it was disclosed by the Bank that a gross income of Rs 354.81 billion was recorded for the year ending the thirty-first of December 2025. A growth of 13.70 percent over the normalized figure for 2024 was reflected by this amount. This calculation was finalized after the impacts of the restructuring of Sri Lanka International Sovereign Bonds, which were accommodated in that previous year, were carefully adjusted for. This adjustment was made so that the potential distortion of comparative growth figures could be completely avoided. It was also noted that net gains or losses from the derecognition of financial assets in the Income Statement for 2024, as originally reported, were influenced by a specific derecognition loss. This loss, which was incurred on the restructuring of the aforementioned bonds, was stated to amount to Rs 45.108 billion.

The post Mozambique Launches Modernized E-Visa Gateway for Global Travel and Investment Involving 183 Countries: What You Need to Know appeared first on Travel And Tour World.
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