Mozambique is determined to restructure state business sector

The Mozambican government is determined to restructure the state’s business sector, a process that will include a variety of approaches, notably partial privatisation, redefinition of the strategic focus and closures, the prime minister said.

Carlos Agostinho do Rosário, who answered questions posed to the government by the members of the Mozambican parliament, highlighted the case of air carrier Linhas Aéreas de Moçambique (LAM) and announced that the process of identifying a strategic partner for joint exploration of the company has already begun.

“The measure will enable the company to respond to the current challenges of improving the provision of air transport services, safely and in a timely manner,” said the Prime Minister, quoted by Mozambican news agency AIM.

Rosário also mentioned telecommunications companies Moçambique Celular e Telecomunicações de Moçambique, which are currently in the process of a merger to ensure the financial sustainability and modernisation of the resulting company’s technological infrastructure.

Economy and Finance Minister Adriano Maleiane said at the same question and answer session that there are public companies that perform well, such as port and railway company CFM, invetsment bank Banco Nacional de Investimento and power company Electricidade de Moçambique (EdM).

Mozambique has 13 public companies, two state-owned companies and is present in the capital of 99 companies, 27 of which are in a divestment process and 29 in the process of dissolution and liquidation.

Source: Macauhub

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