Mozambique Plans Lower Energy, Water and Fuel Rates for Farmers
The Mozambican government is planning to reduce energy, water, and fuel costs for farmers and food processors to boost the agricultural sector. Additionally, officials are considering a 10% corporate tax reduction to attract private investment and decrease reliance on food imports.
Why it matters
These measures aim to address food security and economic undercapitalization in Mozambique by lowering operational costs for the vital agricultural industry.
email facebook linkedin twitter Whatsapp Mozambique plans to lower energy, water and fuel costs for farmers and food processors, with officials expected to finalize the measure next week The government is also considering a further 10% corporate tax reduction to attract private investment to an undercapitalized agricultural sector The relief comes as rising fuel prices increase production and transport costs in a country that imports about $1 billion worth of food annually Mozambique plans to reduce energy, water and fuel costs for agricultural producers. Speaking at the 21st Annual Private Sector Conference, known as CASP, in Maputo, Agriculture Minister Roberto Albino said on Tuesday, July 14, that the president had instructed officials to finalize the measure by next week.
The report objectively covers government policy proposals and ministerial statements without taking a stance on the efficacy of the measures.
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