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Mozambique's economy needs space to grow

Tight monetary policy and persistent state debts to the private sector are suffocating business

Today’s front pages in Maputo. Photo credit: Faizal Chauque / Zitamar News

Good afternoon. Mozambique’s beleaguered private sector has an advocate in Agostinho Vuma who is not afraid to think creatively and call a spade a spade.

The latest from Zitamar News:

Mozambique’s private sector calls for fuel price stabilisation fund
CTA president Agostinho Vuma said such measures would help the economy deal better with external shocks

From the Zitamar Live Blog:

Zitamar Mozambique Live Blog
The head of the Mozambican private business association CTA today appealed to President Nyusi to liberalise the export of pigeon peas, which is still being held up by customs refusing to issue export permits. The issue is causing consternation not only within Mozambique but also in India, the main…
Zitamar Mozambique Live Blog
Credit Suisse and Privinvest have reached an out of court settlement covering all disputes between the bank and various companies in the Privinvest group, and the group’s head Iskandar Safa, with regard to the so-called ‘hidden debts’ deals done in Mozambique around a decade ago. The settlement mea…
Zitamar Mozambique Live Blog
Today’s front pages on the streets of Maputo. 📷 Faizal Chauque / Zitamar News It’s just Noticias today, which leads with President Nyusi’s ribbon-cutting on new electricity infrastructure in Nampula province yesterday — but ignores arguably the biggest news from the event, when he was essentially…

The suggestions Vuma made today for how the government and central bank can help private business chime with the attitude that Zitamar has been consistently calling for: more monetary space for private business to breathe, for the government to pay its debts to private businesses, and, of course, for pigeon pea exports to be unblocked.

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