Economical ambitions

Mozambique’s Economic Recovery and Growth Plan, PRECE, sets out a clear ambition: to move the country from technical recession to sustained growth — excluding gas production — of 6.3% by 2029. The challenge is to make it real.

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From the Zitamar Live Blog:

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Unknown armed men at 6:20 a.m. today kidnapped businessman Francisco Cera outside his business premises on Zedequias Manganhela Avenue in downtown Maputo after blocking his car and firing shots into the air, according to the website Integrity. The victim, aged in his late 50s, owns automotive parts companies NBC and Battery Center, and is a shareholder of the MIDAS franchise. Zitamar News has learned that he holds Portuguese citizenship. Attached is a CCTV recording of the kidnapping. Sign up for Zitamar’s daily briefing email here ...to keep abreast of all the latest developments in #Mozambique

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The plan’s pillars are sound. Digitalising the tax system should help close loopholes and improve transparency. Cheaper credit and new financing tools — including a Development Bank and Mutual Guarantee Fund — could finally channel investment into productive sectors such as agriculture. Temporary VAT exemptions and lower fuel taxes aim to ease pressure on families.