Foreign shareholding in TV/radio broadcasting and printed media companies is limited to 20%.
"CHAPTER I - Fundamental principles
Article 1 - Definition of the press
For the purposes of this law, press means the media whose main activity is the collection, treatment and public dissemination of information, in the form of graphic publications, radio, television, cinema or any reproduction of writings, sound or image. intended for social communication.
[...]
CHAPTER II - Information bodies
Article 6 - Ownership
1. The media may be owned by the state sector or owned by cooperative, mixed or private ownership. [...]
4. The conditions for the participation of the cooperative, mixed or private sectors in radio broadcasting and television shall be established in specific legislation, taking into account the public interest and the prerogative of the State.
5. Only Mozambican institutions and associations and Mozambican citizens residing in the country who enjoy their civil and political rights can own the information bodies and journalistic companies.
6. If the ownership of the media belongs to companies organized in the form of a commercial company, the direct and indirect participation of foreign capital can only occur up to a maximum proportion of twenty percent of the share capital.
[...]
Article 9 - Directors of the information bodies
1. The director of any information body must be of Mozambican nationality, residing in the country and in full enjoyment of his civil and political rights.[...]" (Press Law 18/91 of 10 August [google translation])
Press Law 18/91 of 10 August [google translation]
[<a href="http://www.caicc.org.mz/images/stories/documentos/lei_de_imprensa.pdf">Law</a>]