Mozambican state owes US$464 million for goods and services

14 September 2017

The Mozambican state owes around 29 billion meticais (US$464 million) to companies from which it purchased goods and services from 2009 to now, according to figures recently presented by the president of the Confederation of Economic Associations of Mozambique (CTA).

Agostinho Vuma, quoted by daily newspaper Notícias, said that about 9 billion meticais (US$144 million) still require authorisation from the Administrative Court.

During a session on the occasion of the 100 days since the inauguration of the current board of the CTA, Vuma announced that the government had pledged d to pay 17% of the outstanding amount this year, “following a proposal we presented.”

Vuma also spoke about a number of proposals submitted to the government to improve the business climate in Mozambique, which resulted in the elimination of compulsory use of Nacala’s special export terminal services, the establishment of a new border visa and approval of the law on medicines, vaccines and other biological products for human consumption.

“In order to ensure the involvement of the private sector in the production and supply of goods and services to major projects in Mozambique, we have begun the consultation process with our associates to create the national content law,” he said.

The meeting was held under the motto of “Reforming in Times of Crisis” and brought together a considerable number of business people. (macauhub)