Mozambique: IMF research suggests reassessing tax incentives - A Verdade
Ministry of Labour, Employment and Social Security in Maputo. File photo: RM
The Mozambican government surpassed its own job creation goals last year by reaching a total of 457,667 jobs, according to the 2018 Economic and Social Plan report consulted by ‘O País’.
As usual, the private sector was responsible the largest number of new jobs, with 277,362 against the civil service’s 155,988 and the 24,317 jobs created externally (mainly in South Africa).
In terms of territorial distribution, the province and city of Maputo contributed 113,364 new jobs, followed by Zambézia (56,803), Nampula (51,211), Sofala (41,915), Manica (37,098), Tete (31,128), Cabo Delgado (30,391 ), Inhambane (27,804), Gaza (27,061) and Niassa (16,575).
According to the Ministry of Economy and Finance, based on provisional data from the National Institute of Statistics (INE), the figures were influenced by the growth of the economy in the period under review.
Basically, gross domestic product grew by 3.3% against a projected 5.3%, with the extractive industry contributing a significant 15.7% growth as a result of increasing coal production.
The agriculture, livestock, hunting and forestry sectors (which employ most people) and transport and communication have also made significant contributions to growth, as evaluated according to their weight in the economy and the fact that they have grown by more than the global average.
On the negative side, it is worth highlighting the decrease in the construction, electricity and water sectors caused by the drought in sub-Saharan Africa.
By Edson Arante
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