{"id":27670,"date":"2022-10-12T15:45:03","date_gmt":"2022-10-12T15:45:03","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-considering-privatising-airline-telecom-company"},"modified":"2022-10-12T15:54:48","modified_gmt":"2022-10-12T15:54:48","slug":"government-considering-privatising-airline-telecom-company","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-considering-privatising-airline-telecom-company","title":{"rendered":"Government considering privatising airline, telecom company"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambique\u2019s government is considering privatising Mozambique Airlines (LAM) and Tmcel (telecommunications) to rescue the two companies given the \u201ccomplicated financial situation\u201d in which they find themselves, a source linked to the process said on Tuesday.<\/p>\n

Privatisation \u201cis one of the scenarios to be considered, but the final destination of these companies will result from an ongoing reflection process,\u201d the source told Lusa.<\/p>\n

By December, he said, \u201cit is likely that there will be a decision\u201d about the future of LAM and Tmcel.<\/p>\n

An analysis by the Centre for Public Integrity (CIP), a Mozambican non-governmental organisation, published last week, said that the two companies were technically insolvent and needed capital injections and state guarantees to respond to creditors and, as such, represented a high risk to public accounts.<\/p>\n

The information is in line with statements made on Sunday by the minister for transport and communications, Mateus Magala, to private television channel Media Mais, according to which the handover of both companies to private entities is being considered, referring a decision to the ongoing assessment of the best scenario.<\/p>\n

In August, the minister of economy and finance, Max Tonela, acknowledged that LAM and Tmcel needed to be restructured to move towards sustainability.<\/p>\n

\u201cWe have been discussing the case for restructuring LAM and Tmecel,\u201d he stressed at the time.<\/p>\n

The changes at the two companies, he added, are part of a restructuring of the state business sector aimed at the financial recovery of those facing difficulties.<\/p>\n

Strengthening the supervision and management of SEE companies and improving control of public debt are commitments made by the Mozambican government to the International Monetary Fund (IMF) as part of the financial assistance programme of US$470 million (about the same amount in euros) until 2025.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Mozambique\u2019s government is considering privatising Mozambique Airlines (LAM) and Tmcel (telecommunications) to rescue the two companies given the \u201ccomplicated financial situation\u201d in which they find themselves, a source linked to the process said on Tuesday. Privatisation \u201cis one of the scenarios to be considered, but the final destination of these companies will […]<\/p>\n","protected":false},"author":84,"featured_media":27669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-27670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nGovernment considering privatising airline, telecom company - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique\u2019s government is considering privatising Mozambique Airlines (LAM) and Tmcel (telecommunications) to rescue th ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-considering-privatising-airline-telecom-company\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government considering privatising airline, telecom company\" \/>\n<meta property=\"og:description\" content=\"Mozambique\u2019s government is considering privatising Mozambique Airlines (LAM) and Tmcel (telecommunications) to rescue th ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-considering-privatising-airline-telecom-company\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-12T15:45:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-12T15:54:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/10\/postQueueImg_2-6346e32fb67f8.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"949\" \/>\n\t<meta property=\"og:image:height\" content=\"535\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-considering-privatising-airline-telecom-company#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-considering-privatising-airline-telecom-company\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Government considering privatising airline, telecom company\",\"datePublished\":\"2022-10-12T15:45:03+00:00\",\"dateModified\":\"2022-10-12T15:54:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-considering-privatising-airline-telecom-company\"},\"wordCount\":306,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-considering-privatising-airline-telecom-company#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/10\/postQueueImg_2-6346e32fb67f8.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-considering-privatising-airline-telecom-company#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-considering-privatising-airline-telecom-company\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/government-considering-privatising-airline-telecom-company\",\"name\":\"Government considering privatising airline, telecom company - 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