Breaking News: CTA accuses Mozambican government and multinationals of “chasing away the private sector”

CTA's president Rogério Manuel

(2016-02-10) The Confederation of Economic Activities of Mozambique (CTA) is accusing the government and multinationals of lack of transparency in the management of natural resources, preventing small and medium enterprises in Mozambique participating in hydrocarbon exploration projects.

The president of the CTA, Rogério Manuel, says establishing transparent criteria for participation of small and medium companies, especially in natural gas exploration projects, is a matter of urgency, and that although Mozambique is preparing for the production phase of natural gas in the Rovuma basin, the private sector still feels marginalized.

According to the CIP, small and medium companies have the potential to employ large numbers of Mozambicans in the extractive industry, but information about the project has not been widely disseminated, “and this creates a lack of information for a particular business sector”.

Mozambican transparency and good governance audit institution the Centre for Public Integrity (CIP), says the complaints are well founded.

In the last 10 years, Mozambique has approved projects for the exploitation of natural resources estimated at about US$25 billion. American multinational Anadarko is now in charge of the Rovuma basin project.

Source: VOA Portugues

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