Maputo — The Chairperson of Mozambique’s Confederation of Economic Associations (CTA), Álvaro Massingue, has called for an urgent fiscal reform to ease what he described as the strangulation of the country’s economy and business environment caused by excessive taxation. “Our tax system is heavy, complex and ill-suited to an economy that seeks to compete. We… Continue reading Mozambican Business Leaders Call for Tax Reform Amid ‘Economic Strangulation’, President Chapo Pledges to Act
Tag: Confederation of Economic Associations of Mozambique (CTA)
Mozambique’s Private Sector Urges Urgent Action Over Mozal’s Future
The Confederation of Economic Associations of Mozambique (CTA) has raised alarm over the uncertainty surrounding Mozal Aluminium and its impact on the national economy, calling recent developments “inadmissible” and appealing for the reinstatement of Mozambican companies affected by contract terminations. The concerns follow an announcement by South32, Mozal’s majority shareholder, that operations at the aluminium… Continue reading Mozambique’s Private Sector Urges Urgent Action Over Mozal’s Future