Mozambique’s economic growth has little effect on SMEs

22 September 2015

The economic growth that Mozambique has experienced in recent years has had little effect on small and medium enterprises (SMEs) in the country, the vice president of the Confederation of Economic Associations of Mozambique (CTA) said recently.

Agostinho Vuma also said that in order for SMEs to be impacted by the growth the country it was necessary to extend the business productive base, which will provide more jobs and a significant improvement in access to goods and services by the population.

“By promoting the expansion of the business production base, domestic SMEs would become more competitive and able to provide services to the mining industry as well as other cross-cutting sectors such as hospitality and logistics,” said Vuma at the first International Conference on National Content organised by the CTA, in partnership with the Fund for the Business Environment (FAN).

The conference also aimed to discuss how Mozambique’s trade policy could support industrial development and the use of and access to certification and quality standards by small and medium-sized enterprises, according to Mozambican newspaper Notícias.

The vice president of the CTA also said that the issue of local content cannot be restricted to large companies involved in the exploration of mining resources and hydrocarbons, “since our exports are mainly raw materials.”

Vuma stressed the need to add more value to exports through business links between small farmers and industry to reduce imports, creating value chains and encouraging business development. (macauhub/MZ)