Mozambican business climate shows slight improvement in second quarter

13 October 2006

Maputo, Mozambique, 13 June – The Mozambican business climate improved by around 0.3 percent in the second quarter of this year, according to the Business Climate Indicator (IAN) of consulting company KPMG, published Thursday in Maputo.

According to the report, the communication and information sector, with 110.17 points, as well as retail and services, with 105.32 points, had the highest indexes for the period.

The confidence in agriculture indicator stood at 96.66 points and tourism at 96.61 points, the report said.

The optimism of businesspeople in the second quarter was due to increased demand for goods and services, according to KPMG, and internal political stability. Negative aspects were crime, corruption, HIV/AIDS, malaria and other diseases.

Commenting on the results of the KPMG report, Mozambique’s Industry and Trade Minister, António Fernando said that the balance, “indicates that there is still a lot to be done, mainly in terms of organized crime, environmental legislation, cost of imports, tax legislation, amongst other areas.”

Of the 393 companies surveyed, just 82 replied to the questionnaire, a number which KPMG considered to be “representative,” considering the methodology used in the research. (macauhub)