Moz state-owned companies under the microscope

The Democratic Movement of Mozambique (MDM) is to demand answers to questions on details of income from managed and affiliated state companies from government at today’s question session on the implementation of its Economic and Social Plan (PES) for 2015.

MDM is seeking clarifications from the government about the management by the state of public companies in which it owns majority holdings.

In particular, said a Noticias report, the MDM hopes to unmask mismanagement in companies like Mozambique Telecommunications (TDM), Mozambique Cellular (mCell), and the Mozambique Insurance Company (Emose), recently visited by the prime minister.

It added that the MDM would also like, once and for all, to clarify the debt contracted by the state on behalf of the fishing company, Ematum, whose problem it considers serious, and “made worse by suspicions of information regarding the matter being withheld”.

This is not the first time that the MDM has raised this issue, according to an article carried by the Mozambique Investor . In his last appearance in parliament, it said, the minister of planning and finance, Adriano Maleiane, gave detailed explanations on the issue and promised MPs that the government would renegotiate the terms of the Ematum loan, since there were clauses in it that could be damaging to the Mozambican state, including the amount of interest being paid.

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