Maputo — Mozambican President Armando Guebuza declared on Thursday that his government remains committed to improving the business environment in the country by removing the various legal obstacles and constraints which still hinder the full functioning of market forces.
Guebuza was speaking at the ceremony announcing the results of the 15th annual survey of the “100 Top Companies in Mozambique” undertaken by the consultancy company KPMG.
Guebuza said that when the government, in September, approved a new five year strategy for improving the business environment, the intention was to create more jobs, generate income, expand the portfolio of clients for companies, and strengthen the contribution made by each company to the well-being of the country.
“This instrument seeks to consolidate the structuring reforms which have been keeping our country's economic growth rate at an annual average of seven per cent for the past decade and a half”, he added.
The strategy arises from the government's dialogue with the private business sector, and is aimed at simplifying the business cycle and improving the quality and competitiveness of Mozambican goods and services.
Guebuza said that only by continuing a frank and open dialogue between the government and business can solutions be found for the challenges of daily life, guaranteeing increased productivity and a growth in economic activity.
KPMG director Filipe Mandlate said the purpose of the study is not limited to promoting transparency in business but also to boosting the image of the main companies operating in the country, by analyzing their contribution to the Gross Domestic Product, and by comparing their results.
Mandlate said that to keep a project such as this alive for 15 years is no easy task, since it requires clarity of objectives, determination in pursuing them, perseverance, creativity in seeking solution to problems that emerge, professionalism, and the humility needed to gather differing opinions.
Once again, the Mozal aluminium smelter, on the outskirts of Maputo, is classified as the largest company operating in Mozambique, with a business volume in excess of 1.1 billion US dollars.
In second position is the state fuel company, Petromoc, and ranked third is the Mozambique Transmission Company (Motraco), which supplies electricity to Mozal.
They are followed by the country's main brewing company, Cervejas de Mocambique (Beers of Mozambique - the local subsidiary of SAB-Millers), the state owned mobile phone company m-Cel, Hidrolectrica de Cahora Bassa (which operates the Cahora Bassa dam on the Zambezi), the electricity company EDM, the main commercial bank, Millennium-BIM, the publicly owned port and rail company, CFM, and Mozambique Leaf Tobacco (MLT).