Metical falls against Euro, US dollar
The Mozambican government spent 448 million meticais (EUR 6.3 million) between 2015 and 2017 on social and economic projects to reintegrate combatants from the colonial and civil wars, a spokeswoman for the Council of Ministers announced yesterday.
The figure was presented at the end of a cabinet meeting which considered the Peace and National Reconciliation Fund, created in 2014 for the reintegration of former combatants.
Over the two years, 2,166 projects in the areas of industry, commerce, services and agribusiness were financed, creating 7,516 new jobs, spokeswoman Anna Comoana said.
The total revenue from these projects is estimated at about 133 million meticais (EUR 1.8 million).
“Although many of these projects are still in the maturation stage, 56 million meticais (EUR 787,000) has so far been reimbursed,” Comoana said, adding that the fund has given priority to partnerships for business investment.
The government expects revenue over the next five years to reach 146 million meticais (EUR 2 million) and that the fund will move towards sustainability.
The National Peace and Reconciliation Fund was announced by the then Mozambican head of state, Armando Guebuza, on September 5, 2014, as part of the signing of the agreement to end military hostilities with the leader of the Mozambican National Resistance (Renamo), Afonso Dhlakama.Source: Lusa