Annual Conference of the Private Sector in Mozambique 2020 may be cancelled

18 March 2020

The Annual Conference of the Private Sector in Mozambique (CASP-2020), scheduled for next May, may not go ahead due to the spread of the new coronavirus at a global level and requirements to comply with restrictions imposed by the government to prevent the spread of the pandemic, according to an official source.

“With the recommendation not to hold events with more than 300 people and if the situation continues, unfortunately, we will have no way of holding the annual conference of the private sector,” said the president of the Confederation of Economic Associations (CTA), Agostinho Vuma.

The President of the organising entity of CASP-2020, which was conducting a tour of the Manhiça District to assess the level of production and productivity of businesses, as well as assess the degree of preparation of industries for the potential outbreak of the new coronavirus in Mozambique, said he hoped a vaccine would be available soon.

Vuma also said that a study is due to be concluded to offer guidelines and measures to be adopted by companies, particularly those related to customs, finance, working conditions and even measures that can offer incentives to minimise the economic impacts of COVID-19 in the coming times.

The President of the CTA was also concerned about the situation of uncertainty created by the new coronavirus in the world economy in general and Mozambique in particular, requiring containment measures against the disease to be implemented by States, such as the closure of borders. This has negative impact on the economy and on businesses.

The President of the CTA reiterated that the country’s imports and exports, on account of the outbreak, have fallen dramatically and that the impact could be even more disastrous, which is one of the reasons for carrying out the study. (macauhub)