share
Business
Mozambique: CTA presents its position on the PAE to the World Bank
28, Oct 2022
84 Views
The Confederation of Mozambican Business Associations (CTA) held a working meeting with the World Bank Manager for Macroeconomics, Trade and Investment, Marco António Hernandez Ore, and his team of economists. At the meeting, the PAE measures were discussed, and CTA presented the results of the various consultations with the companies about them.
CTA started by sharing recent business performances, highlighting that the Northern Region of the country reached, in 2021, the largest share of food exports, without, therefore, jeopardizing food security. The main highlights are the 350,000 tonnes of pigeon peas, the 100,000 tonnes of sesame for Middle Eastern countries, cotton and others. For 2022, it is not expected to reach those levels of exports, in terms of food products.
Regarding the PAE, the proposals of the Private Sector were highlighted. In the area of transport, the tax obligation of carrying out the transshipment causes Mozambique to lose US$100 million per year due to this obligation.
The need to make maritime cabotage viable, obliging the Inspection to take place only at the port of arrival.
CTA also highlighted the need to rehabilitate Road Number 1 along its entire length. Because of these constraints, Zambia, which is the largest producer of copper in the region, exports the product through the ports of South Africa, which are 2700 km away, while there is the Port of Beira, which is about 1700 km away, therefore 1000 km closer.
Private education operators revealed that the World Bank, when providing support for education in Mozambique, only does so for public institutions, when the Private Sector plays the same role. High school graduates opt for the Private Sector simply because there is no absorptive capacity in the public sector, which does not mean that these graduates have great financial power.
Finally, it was agreed to organize specific work meetings on the Guarantee Fund, Foreign Exchange Law, organized by trade facilitation and interest rate. The World Bank shared the Economic Memorandum for Mozambique that sets out long-term policy options.
Source: CTA / Press Releas
share Share now
Related Posts
Business
Mozambique and Pakistan sign MoU on trade and investment
08, Dec 2022
82 Views
Business
Mozambique: Sale of vehicles / payment in cash increases risk of money laundering – AIM report
08, Dec 2022
96 Views
Business
CPLP: New head of business confederation calls for development bank
02, Dec 2022
84 Views
Business
Mozambique: 50 young Maputo entrepreneurs receive 1.5 million meticais each
30, Nov 2022
81 Views
Business
Mozambique: MSMEs cannot pay what credit institutions ask for
29, Nov 2022
90 Views
Business
Mozambique: Companies surprised by approval of law that obliges them to contribute to professional
28, Nov 2022
78 Views
Business
Mozambique: Private companies must pay up to 1% of their monthly payroll to fund professional educa
28, Nov 2022
70 Views
Business
Mozambique cannot abstain from industrialisation – Minister Moreno in Niamey
25, Nov 2022
75 Views
Business
Mozambique: Medimoc and Teuto resume partnership – Media Release
25, Nov 2022
79 Views
Business
CoWork Lab celebrates 10 years in Mozambique
24, Nov 2022
101 Views
Business
Mozambique: Entrepreneurship in combating terrorism
24, Nov 2022
70 Views
Business
Sasol Mozambique delivers Inhassoro Professional Training Centre – Photos
23, Nov 2022
73 Views
Business
Nyusi opens Inhassoro Professional Training Centre, defends partnerships with productive sector
23, Nov 2022
76 Views
Business
Watch: Standard Bank Mozambique appoints Esselina Macome as Chair of the Board of Directors
23, Nov 2022
88 Views
Business
Nyusi invites more Portuguese businesses to invest in Mozambique
21, Nov 2022
77 Views
Business
Mozambique: Nyusi invites Finnish businesses to invest – AIM report
21, Nov 2022
90 Views
Business
CTA: More than 20 Mozambican entrepreneurs join business mission to Finland
17, Nov 2022
106 Views
Business
Workshop on ‘Skills Development and Professionalism in the Maputo Transport Corridor’ – Press Relea
16, Nov 2022
101 Views
Business
Mozambique – Finland Business Forum
11, Nov 2022
101 Views
Business
Belgium pledges climate ‘loss and damage’ funding for Mozambique
11, Nov 2022
73 Views
Business
Mozambique: Germany offers almost €200M for social, economic development
11, Nov 2022
83 Views
Business
Paratus Mozambique expands northward – PR
02, Nov 2022
85 Views
Business
Mozambique Chamber of Commerce wants to connect Mozambican and Thai entrepreneurs
27, Oct 2022
120 Views
Business
Tropigalia shares to be sold on stock market, in a first for a private Mozambican company – Photos
27, Oct 2022
106 Views
Business
Mozambique: M-Pesa and FARMAC sign MoU
27, Oct 2022
101 Views
Business
Mozambique: REVIMO posts 2021 results, 7% below projections
27, Oct 2022
126 Views
Business
Mozambique: 92% of fisheries production comes from artisanal fishers
27, Oct 2022
110 Views
Business
Mozambique: CCM and IPEME promote MSMEs training in quality certification
27, Oct 2022
96 Views
Business
Mozambique: Businesses call for wider tax breaks
27, Oct 2022
92 Views
Business
The IDEA Project launches in Mozambique the first edition of the Innovation Days Series
27, Oct 2022
132 Views
Business
UAE businessmen have “enormous interest” in investing in Mozambique
27, Oct 2022
74 Views
Business
Fidelidade Impar acquires Tranquilidade Moçambique portfolio of policies
27, Oct 2022
105 Views
Business
Raxio Group building first independent data storage centre in Mozambique – Photos
27, Oct 2022
77 Views
Business
Nigerian investment in Mozambique tops US$44 million in 5 years, expected to grow in the near futur
27, Oct 2022
118 Views
Business
Mozambique to cut profit margins on essential products
27, Oct 2022
95 Views
Business
Mozambique: Prawns fishing closed for four months
27, Oct 2022
72 Views
Business
Mozambique: Cornelder invests in cutting-edge technology for Port of Beira access control
27, Oct 2022
89 Views
Business
Mozambique: CTA presents its position on the PAE to the World Bank
27, Oct 2022
79 Views
Business
Mozambique looking at full membership in the GECF – Gas Exporting Countries Forum
26, Oct 2022
101 Views
Business
UAE businessmen have “enormous interest” in investing in Mozambique
26, Oct 2022
62 Views
Business
DP World promises to increase investment in Mozambique
26, Oct 2022
84 Views
Business
Mozambique: Private sector calls for lower interest rates
01, Aug 2022
120 Views
Business
FNB Mozambique poised to make an impact in the local market
01, Aug 2022
99 Views
Business
DP World’s Imperial obtains approval for acquisition of 100% stake in Africa-based J&J Group
01, Aug 2022
99 Views
Business
Machipanda border post to operate 24/7 from December
01, Aug 2022
88 Views