Mozambique: All systems go for CASP March 2022, CTA says – Carta

Mozambique: All systems go for CASP March 2022, CTA says – Carta
Mozambique: All systems go for CASP March 2022, CTA says – Carta

Africa-Press – Mozambique. In an assessment of the year 2021 made last December, the Confederation of Economic Associations of Mozambique (CTA) guaranteed that, this year, the Private Sector Annual Conference (CASP) would not be postponed again, having failed to have been held for the last two years.

Speaking at the event on perspectives, the president of the CTA, Agostinho Vuma, began by underlining that the CTA and its allies intend to ‘hit the ground running’ in 2022.

This year, CTA plans to hold the first Economic Briefing of the year in Nampula on the 23rd of February. According to Vuma, this edition will mark the start of taking the debate on business performance to the different regions of the country.

“Subsequently, after the postponement, we plan to hold the 17th Annual Private Sector Conference – CASP in March, 2022, under the motto, ‘Reforming the Business Environment for Economic Recovery’. There, we will present the Local Content Index report and the respective ranking of companies, aiming, among other things, to assess the state of local content provision in Mozambique, and to contribute to the participation of SMEs in large projects,” Vuma said.

In addition, the private sector expects in 2022, some relief from the 25 Covid-19 restrictive measures still in place. It also foresees that the arrival of the floating platform for the production of natural gas from the Coral Sul project and the beginning of gas exploitation in the country, opening a promising page in the industrialization of Mozambique and in the opportunities for the engagement of small and medium-sized and enterprises (SMEs) in the oil and gas industry value chain, seeing business performance recover progressively in line with the economy in general.

Amidst such adversities, Vuma urged entrepreneurs to continue betting on their ability to reinvent and proactively respond to the imperative of “ensuring the continuity and revitalization of businesses and, in this way, contributing to economic growth and social well -being”.

“For our government partners we, on the one hand, reiterate the need for stimuli to boost the economic recovery and, on the other hand, for the adoption of a cautious stance with regard to restrictive measures, taking into account the imperative of safeguarding the health-economy balance at a time when we are faced with the new Covid-19 Omicron variant, on whose impact there is still no certainty,” Vuma said.

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