Bureaucracy one of the main obstacles in Mozambique’s business environment – WB

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Bureaucracy one of the main obstacles in Mozambique’s business environment – WB

11:47 CAT | 25 Jul 2017

Speaking after a visit to the Confederation of Economic Associations of Mozambique-CTA in the Mozambican capital yesterday, World Bank executive director Andrew Bvumbe said that bureaucracy was one of the main obstacles to the development of business in Mozambique.

“Bureaucracy when doing business continues to be one of the main problems,” he said.

The latest “Doing Business” report saw Mozambique fall three places to 137th place out of 190 assessed countries, which Bvumbe said showed that serious changes were needed in government policies, especially in sectors such as agriculture.

“In other countries, it is possible to register a company on a computer, and this is not the case here,” he said.

In two years, Mozambique had fallen eight places in the study, the last edition of which concluded that there had been regression in practically all aspects analysed.

CTA President Agostinho Vuma agreed that bureaucracy was among the main challenges facing the private sector in Mozambique, but that there was progress in communication between employers and government about improving the business environment.

“The cost and time of procedures remain our main concern,” Vuma said, noting that support from the World Bank would be key to improving the business environment in the country.

The World Bank will spend US$1.2 billion financing agriculture, health, education and infrastructure projects in Mozambique over the next three years.

Source: Lusa