18 June 2014

Mozambique: Government and CTA Together to Elaborate the New Plan for Industrial Development

It is an historic moment for Mozambique. The discovery and early exploration of mineral and hydrocarbon resources in the country pose enormous challenges to various sectors of Mozambican economy.

Aware of this suis generis moment, Mozambican Government and CTA, publicly sealed a commitment to work together on strategic actions for the new industrial development framework.

The 2015-2019 Industrial Policy and Strategy project revision to be approved by the Government, will be based on an Ernst & Young study and will be funded by the Business Environment Fund (FAN) with 3 months prompt to delivery.

The Mozambican industry ranks third in GDP contribution, behind agriculture and transport. The idea is to reverse this scenario to allow the domestic industry grow, along with the whole economy.

Mubarak, President of Industry and Trade working group of CTA, said that this project is a "dream" and recommended some essential points to be analyzed in the study. He highlighted access to finance and modern technology, access to raw quality materials at competitive prices and skilled labor, the reduction of transaction costs and the creation of the industrial fund as some of them.

The Minister of Industry and Trade, Armando Inroga, said that private and public sectors are involved in this project and that the private sector should "draw and set this policy." He also referred that the public sector role is only to "support" the private sector.

Moreover, Armando Inroga recalled the 2007-2012 government industrial development plan, which today serves as the starting point for the review.

The Mozambican Minister of Industry and Trade considered that there should be more institutions supporting the private sector, such as the Ministries of Agriculture, Finance, Planning and Development, Public Works, Trade and others such as the Institute for the Promotion of SMEs, so that all together can draw a consensus strategy for the country's future.

Ernst & Young, consultants committed to dialogue and listen to various economic sectors from north to south of the country and have outlined some aspects they consider crucial to industrial development policy, such as lack of infrastructure, lack of qualified workforce and quality of the industry.

Mozambique has proved that there is good environment and a big openness between the government and the private sector, paving the way for national and international investments.

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