Over the past three years, the Government of Mozambique has given the green light to 742 innovative projects, with an estimated budget of 6.2 billion dollars, a measure that promises to give a significant boost to national industry.
The announcement was made last Monday by the Minister of Industry and Trade, Silvino Moreno, during the opening session of the 21st Coordinating Council of his ministry. Moreno stressed that this initiative will be a powerful engine for increasing industrial production in the country.
The minister emphasised that these figures are a positive sign for the growth of Mozambican industrial production, with an eye on both the domestic and international markets, thereby aiming to improve the country's trade balance.
During this same period, licences were granted to approximately 92,457 companies, including 2,026 new industries, through the eBAU digital platform, a system that facilitates the provision of public services and is overseen by the Ministry of Industry and Trade (MIC).
Moreno also reported that the MIC has begun a process of mapping industrial establishments, an action intended to gather data on the profile and characteristics of the national industrial park, both quantitatively and qualitatively.
As regards the Industry and Trade sector, despite having been affected by natural disasters and geopolitical conflicts, it maintained a stable performance until the end of the first half of the current year, as announced by the minister.
The need to pay closer attention to the manufacturing industry was also highlighted; it has been recording an average annual decline of 0.26 percentage points, falling from 7.8% in 2020 to 7.4% of GDP in 2022, a figure well below the 9% target the sector had aspired to reach.
Overall, industrial production has reached 70% of the target set for the 2020-2024 five-year period. Industrialisation thus remains one of the main priorities of the Mozambican government, which is ceaselessly seeking ways to boost the country's economic growth.
