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Mozambique: CTA to monitor local content at mega-projects
9:45 CAT | 17 Dec 2021
Photo: CTA
The Confederation of Economic Associations of Mozambique (CTA) intends next year to start presenting an annual Local Content Index focusing on large companies operating in the country.
The information was announced this Wednesday (15-12) by the CTA executive director Eduardo Sengo during the private sector’s end-of -year briefing.
The intended CTA indicator will measure the degree of local content in Mozambique; monitor the evolution of local content in major projects; reactivate the debate on local content in Mozambique, and contribute to the participation of small and medium enterprises (SMEs) in large projects.
Speaking to businesspeople, government officials and diplomats, Sengo explained that index ratings would be based on “the ratio between the value of the goods produced and the services provided in the country for the execution of large project contracts, and the total value of the goods used and the services provided for this purpose”.
In order to collect the information, the CTA will survey entrepreneurs on the volume of goods and services purchased locally; the volume of imports of goods and services; the total volume of purchases of goods and services; and also policies on hiring national and foreign labour.
Executive Director Sengo explained that the first Local Content Index would cover the years 2019 and 2020. Sengo ended his speech by stating that the first Index would be published at the Annual Private Sector Conference (CASP), scheduled for March 2022, where companies which excelled in terms of performance would be awarded.
By Evaristo Chilingue
Source: Carta de Moçambique
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