Steady growth in Mozambican economy, says PM

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Steady growth in Mozambican economy, says PM

10:01 CAT | 01 Dec 2023

Photo: Notícias

The Mozambican economy grew steadily in the first nine months of this year, according to Prime Minister Adriano Maleiane.

Addressing the Mozambican parliament, the Assembly of the Republic, on Wednesday, during a question and answer session between the deputies and the government, Maleiane said the annual growth rate had risen from 4.17 per cent in the first quarter of the year, to 4.67 per cent in the second and 5.92 per cent in the third quarter.

He said the government had continued to restructure the state business sector, making state-run companies more competitive and reducing the fiscal risk they pose.

Maleiane claimed that these reforms had allowed companies such as Mozambique Airlines, the electricity company EDM, the fuel company Petromoc and the telecommunications company, T-mcel, “to improve their operational results”.

As for electrification, the Prime Minister said that 318 of the 416 administrative posts in the country are now connected to the electricity grid. This is a coverage rate of 76 per cent, and Maleiane believed the country is on track to meet the target of “electricity for all” by 2030.

He stressed that the Temane gas-fired thermal power station in Inhambane province is under construction, as is the transmission line from Temane to Maputo.

“This will ensure the interconnection between the southern and the centre-north transmission networks, and allow our country to become a centre supplying more power to other countries of SADC (Southern African Development Community)”, said Maleiane.

Despite financial restrictions, he continued, it had been possible “in recent years” (he did not give an exact time frame) to pave and rehabilitate 579 kilometres of national highways and 1,486 kilometres of regional roads, and to build 14 new bridges.

Maleiane added that emergency repairs are under way on the most critical stretches of the main north-south highway (EN1).

The government’s actions, he said, “are allowing the expansion and improved quality of economic and social infrastructures, as well as guaranteeing productive activity, and hence the continual improvement of public services”.

Source: AIM