Mozambique urges private sector to assist in addressing challenges associated with natural disasters

Mozambique President Filipe Nyusi. Photo: CNBC Africa

Johannesburg, South Africa (ADV) – Mozambique President Filipe Nyusi has challenged the private sector to address national disasters affecting the Centre and North of the country during the current underway Annual Private Sector Conference in Maputo.

About 66 people have been reported dead and about 141 000 affected following recent heavy rains and floods in the central and northern parts of the country.

“Flooding in the country is affecting the productive sector, leaving business and the population with fewer resources,” said Nyusi, adding that conference was taking place at a decisive moment for the economy of the country.

“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 further urged the private sector to help increase production and productivity, noting that agribusiness and agriculture have everything needed to be economic catalysts of prosperity.

“My government will take part as a partner, we are aware that we have not done much and want to do much more,” he added.

“One of the government’s near-term objectives was to complete the Local Content Law process, 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.”

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