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CGA - Couto Graça & Associados

Mozambique

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Key contacts
Chairman: Pedro Couto
Managing Partner: Telmo Ferreira
Quick facts
# Partners

7

# Total number of practitioners

34

Languages

Portuguese, English, French, Spanish

Network memberships

CMS

Key practice areas
Financial and corporate
Energy and infrastructure
Project development
Firm overview

CGA - Couto, Graça e Associados is a Mozambican law firm integrating multidisciplinary and focused teams with expertise in various fields of law that work in collaboration and share knowledge and information, to satisfy our client´s needs and expectations. Our firm embraces a spirit of diversity and inclusion, and our lawyers are committed to creating enduring client relationships founded in a value driven culture employing safe, pragmatic and innovative legal solutions tailored to each client´s requirements.

Our recognized expertise in the fields of corporate and commercial law, regulatory compliance and public law, banking and finance, capital markets, real estate, tax, labor and employment law, arbitration and litigation, information technology law and aviation and maritime law, afforded CGA a consistent top tear firm ranking by top ranking agencies, namely Chambers Global Guide, Legal 500 EMEA and IFLR1000 Financial and Corporate Guide. We´ve been also the only Mozambican firm listed among the Top 50 largest law firms in Africa in accordance with Africa Legal.

By being a full member of CMS, CGA can offer its clients a unique, comprehensive, and multi-jurisdictional approach, providing access to a global community of more than 7,200 lawyers spread across over 90 offices in more than 50 countries.

CGA was honored by the IFLR Africa Awards with the distinction of Law Firm of the Year and Deal of the Year: Loans - Cross Boundary Energy Financing for 2025.

Key practice areas
  • Banking
  • Capital markets: Debt
  • Competition
  • Financial services regulatory
  • M&A
  • Project development
  • Project finance
  • Real estate finance
  • Restructuring and insolvency
Key practice contacts and recent case highlights

Natural Resources & Energy
Pedro Couto
pcouto@cga.co.mz
Telmo Ferreira
tferreira@cga.co.mz

  • Legal assistance in the 60 MW AC (corresponding to approximately 67.29 MWp) solar photovoltaic power generation plant.
  • Legal assistance to Mozambique Transmission Company in respect of the drafting and negotiation of the Connection and Operation Agreement between
  • Mozambique Transmission Company and STE
  • Legal assistance for PowerGrid Transmission Project
  • Legal assistance in the implementation of a photovoltaic solar power plant project, with a nominal capacity of 30 MW.
  • Legal assistance for creation of a conservation tourism project that includes the rehabilitation of Massingir airport and a Aman resorts
  • Legal assistance in the implementation of a photovoltaic solar power plant project, with a nominal capacity of 95 MW, in the Chibuto District, Gaza Province.
  • The project is to develop a wind farm with a production capacity of up to 120MW of energy in the District of Namaacha, Maputo Province.
  • Legal assistance to the construction of the largest hydropower Project of Mphanda Nkuwa, includes the development of a run-of-river dam located 61 km downstream of Cahora Bassa on the Zambezi River in Tete Province.
  • Legal assistance for the development of LNG terminals in Mozambique, in a partnership between LNG company and State-owned company
  • Legal assistance for development and implementation of a 30 Mw PV Power Project in Zitundo, Maputo Province, Mozambique
  • Legal assistance to the sponsors for the development and implementation of a photovoltaic plant up to 100 MW in Chimuara, Mopeia District, Zambézia Province
  • Legal assistance in development and implementation of a 20 MW solar power project in Mecúfi, Cabo Delgado province
  • Legal assistance for the development and implementation of a 1200 MW Coal fired power Project and Transmission Lines in Tete Province, Mozambique;

Oil and Gas
Telmo Ferreira
tferreira@cga.co.mz

  • Legal assistance to concessionaires and operators of area 4 Concession of the Rovuma Basin
  • Legal Assistance regarding the Final Investment Decision and fulfillment of Conditions Precedent regarding Coral FLNG project (Operator of the Coral South reservoir of the Rovuma Basin)
  • Provision of legal assistance to the implementation of the Coral North FLNG project
  • Provision of legal advice as local counsel to Linklaters LLP regarding the implementation of the Coral South FLNG project
  • Assistance with the financing of the Area 4, FLNG facility, operating on Rovuma Basin
  • Legal Assistance to Rovuma Basin Area 4 concessionaires on the transfer of a participating interest by ENH;
  • Transfer of participating interest on the operator of the Coral FLNG project (Operator of the Coral South reservoir of the Rovuma Basin);

Banking and Finance
Pedro Couto
pcouto@cga.co.mz
Telmo Ferreira
tferreira@cga.co.mz
Célia Francisco
cfrancisco@cga.co.mz

  • Legal Assistance on the acquisition of ABC by Access Bank
  • Legal assistance on the merger of ABC and Access Bank
  • Incorporation of banks
  • The regulatory intervention of Bank institution
  • Merge of Mozambican Banks
  • Legal Assistance regarding the Final Investment Decision and fulfillment of Conditions Precedent regarding Coral FLNG project (Operator of the Coral South reservoir of the Rovuma Basin)
  • Establishment of branches of foreign credit institutions

Cross Border Financing:
Pedro Couto
pcouto@cga.co.mz
Telmo Ferreira
tferreira@cga.co.mz
Célia Francisco
cfrancisco@cga.co.mz

  • Legal assistance in a transaction in which a Mozambican entity is providing security for a foreign lending;
  • Legal assistance in loan finance for the construction of a solar plant;
  • Legal assistance in loan finance to finance the acquisition of wagons and locomotives by a public company;
  • Legal assistance in loan finance for financial institution operating in Mozambique, for on leading to their clients;
  • Legal assistance in loan finance for a cement company in Mozambique;
  • Legal Assistance in several transactions in which there will be granted security over commodities located in Mozambique

Capital Markets
Telmo Ferreira
tferreira@cga.co.mz

  • Issuance of bonds of Financial Institution and respective listing before the Mozambique Stock Exchange;
  • IPO - beverage company;
  • Structuring of bonds issuance and listing;
  • IPO – Distribution Company;
  • Tropigalia's IPO and listing with the Mozambican Stock Exchange.

Contractual
Telmo Ferreira
tferreira@cga.co.mz

  • Contractual structuring for the construction of a cement mill;
  • Negotiation of a gas transportation agreement;
  • Assistance for area 4 of the Rovuma Basin Project.

Corporate and M&A
Telmo Ferreira
tferreira@cga.co.mz

  • Legal assistance for transformation into a public limited company and capital restructuring through the issue of redeemable preference shares
  • Legal assistance to demerge of JAT Constrói to form two new companies
  • Legal assistance to Merger, by incorporation, of Motorcare Services, SU, LDA into Motorcare, Limitada, and consequent dissolution of Motorcare Services, SU, LDA
  • Legal assistance for Commercial paper issuance of Bayport Financial services Moçambique (MCB), S.A
  • Legal advice to Bayport Financial Service Moçambique (MCB), S.A. on the issuance of bonds of Bayport Financial Service Moçambique (MCB), S.A
  • Legal advice for amendment of the articles of association of BCI
  • Legal advice for amendment of the articles of association of Câmara de Comércio França-Moçambique
  • Legal assistance for incorporation of the concessionary company CHMN, between EDF, TotalEnergies, Sumitomo, EDM and HCB, which will be the concessionaire of the Mphanda Nkuwa Hydroelectric Project
  • Transfer of the total shareholding in Global Alliance Seguros, in favor of Hollard Moçambique
  • Legal assistance on the Acquisition of the entire share capital of TCM - Matola Coal Terminal, through the acquisition of a stake from Vitol Mauritius Limited
  • Legal assistance on the acquisition of participating interest on a pharmaceutical company
  • Revision and changes to the entities of Association and other relevant governance, documents for several banks operating in Mozambique;
  • Indirect Transfers of Cimentos de Moçambique;
  • Assistance to the Government of Mozambique on negotiations to acquire participating interests on Hidroelectric of Mpanda Nkuwa, S.A
  • Assisting Rovuma Basin Area 4 concessionaires on the transfer of a participating interest by ENH;
  • Sale of shares in Mozal by Mitsubishi Corporation to South 32;
  • Sale of participating interests of the Sasol group in CTRG;
  • Acquisition of 49% of a Cement Company;
  • Sub-concession of a power plant;
  • Issuance of bonds by Financial Institution and respective listing before the Mozambique Stock Exchange;
  • Tropigalia's IPO and listing with the Mozambican Stock Exchange.
  • Restructuring of Telecommunication Company’s share capital;
  • Legal Assistance on the acquisition of ABC by Access Bank;
  • Legal assistance on the merger of ABC and Access Bank;
  • Legal assistance to concessionaires and operators of area 4 Concession of the Rovuma Basin
  • Public offer of shares on Beverage and Energy sectors and listing with the Mozambican Stock Exchange
  • Transfer of participating interest on the operator of the Coral FLNG project (Operator of the Coral South reservoir of the Rovuma Basin);
  • Merge between banks;
  • Transformation of forestry company;
  • Acquisition of beverage business;
  • Assignment of 15% of Hidroeletrica de Cahora Bassa by the Portuguese government;

Pedro Couto
pcouto@cga.co.mz

  • Legal assistance on the Sale of participatory interests to a fuel distribution company in Mozambique
  • Representation of CFAO Motors Mozambique, Lda on the acquisition of Grupo Entreposto

M&A
Faizal Jusob
fjusub@cga.co.mz

  • Legal assistance to Aga Khan Foundation on Shareholding restructuring
  • Legal assistance to Ceva Logistics on Shareholding restructuring
  • Advising on judicial recovery process
  • Restructuring of Godrej Group in Mozambique
  • Legal Assistance to International Resources Holding
  • Legal Assistance to Zeta Mining
  • Advising a group of hotels on the investment extension of US$ 17.5 million for purposes of rebuilding and renovation of the hotel and capital increase of share capital by means of new capital contributions in by converting a credit vis-à-vis
  • Advising a group of hotels in the increase of share capital
  • Advising a petroleum company on the investment extension for purposes of the rebuilding of Matola Terminal and upgrade of Beira and Nacala Terminals
  • Advising Chinese mining company, Chinese entities and bid winners for the Chibuto Heavy Sands Deposit project in Mozambique
  • Advising acquisition and rebuilding of hotel worth USD 30 million
  • Advising mining company on transfer of shares
  • Advising on dissolution and liquidation of a hotel company operating on tourism area

 

Sector expertise
  • Agriculture
  • Aviation
  • Banking
  • Energy
  • Financial services
  • Food and beverage
  • Forestry
  • Government and public policy
  • Insurance
  • Mining
  • Natural resources
  • Oil and gas
  • Real estate
  • Technology and telecommunications
  • Tourism
Address:
Avenida 24 de Julho, 7, 7andar, Maputo, 1101
Tel:+258 8433 33390 Email:Contact Us Web Address:https://www.cga.co.mz/
Rankings published in 2026
Financial and corporate
Tier 1
15 firms ranked
View full list

Tier 1

CGA - Couto Graça & Associados
3 practice areas
View full profile
SAL & Caldeira Advogados
3 practice areas
View full profile

Tier 2

JLA Advogados
3 practice areas
View full profile
MDR Advogados
3 practice areas
View full profile
Pimenta & Associados
3 practice areas
View profile

Tier 3

GDA Advogados
2 practice areas
View full profile
TTA Advogados
3 practice areas
View profile

Tier 4

Taciana Peão Lopes e Advogados Associados
3 practice areas
View profile

Notable

Cambule & Americo
1 practice area
View profile
Carlos Martins & Associados
1 practice area
View profile
Dentons FL&A
3 practice areas
View full profile
Gilbert Correia Advogados y Consultores
1 practice area
View profile
LEI & MNSV - Sociedade de Advogados
3 practice areas
View profile
Marroquim Advogados
1 practice area
View profile
Project development
Tier 1
11 firms ranked
View full list

Tier 1

CGA - Couto Graça & Associados
3 practice areas
View full profile
SAL & Caldeira Advogados
3 practice areas
View full profile

Tier 2

JLA Advogados
3 practice areas
View full profile
MDR Advogados
3 practice areas
View full profile
Pimenta & Associados
3 practice areas
View profile
TTA Advogados
3 practice areas
View profile

Tier 3

GDA Advogados
2 practice areas
View full profile
LEI & MNSV - Sociedade de Advogados
3 practice areas
View profile

Tier 4

Taciana Peão Lopes e Advogados Associados
3 practice areas
View profile

Notable

Dentons FL&A
3 practice areas
View full profile
Linked Reviews
Financial and corporate

Couto Graça & Associados is a Mozambican law firm and a member of Lex Africa. The firm was founded in 2011. The firm is particularly strong in project development work and is active serving clients in the energy and industrial sector.

 

Testimonials 2024/2025

Effective, to the point, efficient (Financial restructuring) 

Their advice is very good, comprehensive and they have a perfect knowledge of the authorities and institutions in Mozambique in addition to their legal knowledge. (Project Finance) 

The law firm understands our needs in every way, responds efficiently, timely and effectively with high level of knowledge, both practical and academic at very acceptable rates.” (Restructuring) 

“Celia Francisco is very responsive and clear in her explanations.” (Project Finance) 

Pedro Couto has a breadth of experience and excellent relationships with the key stakeholders. (Project Finance) 

“Pedro Couto is well known to all of the key market players and has trust when recommending solutions to particular problems. (Project Finance) 

“Telmo Ferreira has clear and effective communication, good delegation to the right people, and good accessibility.” (Financial Restructuring) 

Telmo Ferreira has transparent, clear communication, high level of knowledge and straight answers, and clear advice.” (Restructuring) 

 

Testimonials 2023/2024

“They have knowledge, experience, and a strong legal background.” (Banking)

“Technical capacity, proactivity and prompt responses to requests. These are all attributes that are of extreme importance everywhere, but even more so on the African continent.” (M&A)

Pedro Couto

“Knowledge of the sectors, network and legal skills.”

Telmo Ferreira

"Extremely skilled and knowledgeable. A great project and M&A lawyer.”

Daisy Nogueira

“Experienced, has strong market knowledge, available and a problem solver.”

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Deal Highlights
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Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
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IFLR1000
Daniela Almeida Vaz of Couto Graça & Associados in Maputo looks at the structures governing financial and corporate transactions
Sponsored

Sponsored

  • IFLR1000
    Sponsored by CGA - Couto Graça & Associados
    Taciana Peão Lopes and Paulo Ferreira of Couto Graça & Associados in Mozambique consider the current landscape for oil and gas transactions in the country