Nyusi-Dhlakama meeting reduces market uncertainty – CTA

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Nyusi-Dhlakama meeting reduces market uncertainty – CTA

11:05 CAT | 08 Aug 2017

Folha de Maputo

The Confederation of Economic Associations of Mozambique (CTA) says that the meeting between the President Nyusi, and Renamo leader Afonso Dhlakama will reduce uncertainties in the market.

The business organisation says the truce reached three month ago revived the economy, especially the transport sector.

“According to the Presidency of the Republic, the peace process will be concluded by the end of this year. This announcement of concrete deadlines reduces the uncertainty about the peace process and increases market confidence. At the same time, and as a result of this dialogue led by his Excellency the President of the Republic, we continue to enjoy peace in the country; we continue to do our business freely; and we continue to dream freely,” CTA Deputy Chairman Álvaro Massingue said.

“The progress made today demonstrates that in fact the various agreements to end hostilities have not been in vain, and displayed, indeed, a necessary gradualism,” Massingue added.

CTA Deputy Executive Director Eduardo Sengo admitted there were communication problems, causing some foreign investors to continue to think, “wrongly”, that Mozambique was at war.

“Although there has been no agreement, everybody in Mozambique knows that we are at peace – there is no war and anyone can travel at any moment, but people outside the country do not have this information. What we therefore have to do is to pass on the message that in Mozambique, although there is no final agreement, there is an intermediate agreement that allows us to live in peace and get on with life. And now we can say much more: that we are very close to arriving at a final agreement,” Sengo said.

The CTA also noted that the latest developments had encouraged passenger transport operators to gradually resume their activities.

Source: Folha de Maputo