Breaking: Bank of Mozambique sacks the liquidation commission of Nosso Banco
The economic studies office at Standard Bank, one of the largest operating in Africa, said yesterday that the agreement between the Mozambican government and the largest opposition party, Renamo, has led to further progress in the peace process.
“The agreement between the Mozambican government and the opposition Renamo [National Resistance Party] to increase regional autonomy is bearing fruit,” write the analysts, noting that “the [constitutional] amendment addresses one of the main opposition party’s demands, paving the way for further progress in the peace process”.
In the comment sent to investors and to which Lusa has had access, analysts point out that parliament “recently approved a constitutional amendment that allows political parties to have more power in the provinces” and emphasises that “a party that wins an election for the provincial parliament can now appoint a regional governor”.
Among the substantive changes introduced by the constitutional amendment proposal approved by the Mozambican parliament, the election of provincial governors and district administrators, hitherto appointed by the central power, stands out.
The proposal to change the constitution to allow decentralisation was submitted on February 9 by the Mozambican head of state, Filipe Nyusi, as part of an agreement with Renamo leader Afonso Dhlakama, who died on May 3 from health complications.
The understanding stems from the dialogue between Filipe Nyusi and Afonso Dhlakama with a view to signing an irreversible peace agreement for Mozambique.Source: Lusa
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