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MOZBUILD signs Protocol with FME

The signature of the Protocol of Cooperation between MOZBUILD and the Mozambican Federation of Contractors took place on 4th March, being the institutions represented by Gregório Marcelino, Executive Director of FME and António Leal de Oliveira, General Manager of Mozbuild.

FME is a non-profit association of Mozambican law established in 2005 to represent and defend the interests of the national industry of construction and national contractors, having as members the contractor’s associations of all the provinces and Maputo city. Among other counterparts, this protocol was conceived for the disclosure of the portal Mozbuild to all entities operating in the area of construction in Mozambique and to provide especial conditions of insertion and advertisement in Mozbuild to the FME associates.

Mozambique’s economy expected to grow by 3.6% in 2016 and 5,1% in 2017

Economic growth in Mozambique in 2016 should be around 3.6% according to latest analysis by the Economist Intelligence Unit (EIU), half the figure posted over the last decade, due to lower public spending, weak exports and disturbances in agricultural production .

From next year, the EIU predicts an acceleration to an average growth of 5.1% between 2017 and 2020, driven by macroeconomic stabilisation and recovery of investor confidence.

The EIU says that the recovery will be directly linked to increased coal production and its prices in international markets between 2017 and 2018 and improved agricultural production from 2017, however, with few results, due to a lack of agricultural productivity and low prices on export products.

In the economic analysis of the situation in Mozambique dated mid-September, the EIU says a drop in investment is likely, as a result of “high inflation, currency volatility and growing political risks.”

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