“The government is committed to macroeconomic stabilisation” – Nyusi

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“The government is committed to macroeconomic stabilisation” – Nyusi

1:43 CAT | 14 Mar 2019

Photo courtesy: FSDMoç Facebook

During his opening speech at the Annual Private Sector Conference, President Nyusi mentioned the natural disasters affecting the centre and north of the country and called on the private sector to include the issue in their agenda.

“Flooding in the country is affecting the productive sector, leaving business and the population with fewer resources,” the president said.

President Nyusi said that the XVI Private Sector Conference was taking place at a decisive moment for the economy of the country, and that the government was committed to macroeconomic stabilisation.

“The government will continue to do its part. We are concerned about our commercial banking, which continues with more exports than imports, and those who can contribute [to solving this] are in the private sector,” he said.

Nyusi said the private sector should help increase production and productivity.

Agribusiness and agriculture have everything needed to be economic catalysts of prosperity, Nyusi said, and despite economic and financial adversities, military tension and calamities, the country was on the right path to gaining a broader and more robust business class.

“My government will take part as a partner, we are aware that we have not done much and want to do much more,” the head of state said, arguing that the government and private sector should share responsibilities. One of the government’s near-term objectives was to complete the Local Content Law process, he added.

“We want to reduce the tax burden and review corporate income tax. Revising the electricity law can guarantee electricity supply. It is not true that energy in Mozambique is expensive,” he said.

Source: O País