Mozambique launches e-Procurement system
State assets valued at more than 2.3 billion meticais
11:42 CAT | 25 Jul 2018
File photo: O País
Assets belonging to the Mozambican state are valued at more than 2.3 billion meticais, most of them in an advanced process of degradation.
The inventory, made in 2016, also involved the survey of the assets of municipalities, whose value is approximately 364.1 million meticais, according to the General State Account for the 2017 fiscal year.
The Mozambican state’s business sector currently comprises 13 public companies, 109 state-owned companies and two state-owned enterprises, of which 45 are considered viable and 64 in the process of divestiture, liquidation or dissolution.
The government has been in the process of divesting itself of these assets for some time.
The executive wants to rationalise the state’s shareholding portfolio into a more robust, quality portfolio, capable of competing with other companies in the market and in terms of income, quality and transparency-oriented corporate governance.
Disposing of state assets put 15 million meticais into the coffers in the first three months of 2018, 52.8 percent of the amount registered in the same period of the previous year.
Source: O País
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