By Marta Afonso, MAPUTO
Mozambique
Up until August 2020, 4,300 companies were severely affected by the coronavirus pandemic, especially in the hotel and restaurant sector, and by December 31, 2020, a total of 1,075 companies had declared bankruptcy, ‘Carta de Moçambique’ reports.
The figures were presented on Thursday (11-03)
by the deputy president of the Confederation of Economic Activities of
Mozambique (CTA), Maria Assunção Abdula, who was speaking to the press about
the impact of Covid-19 on the economy.
Abdula said that Covid-19 had negatively
affected the national economy, destabilizing macroeconomic and financial
indicators and resulting in pressure on business activity, especially in maintaining
employment levels.
For this reason, the CTA had decided to create,
this month, a commission to help companies guarantee their continuity and
leverage the national economy.
“It is a multi-sectoral commission, meant to
deepen and guide reflection on the type and scope of the responses that the
national private sector should make to the challenges of the pandemic,” Abdula
explained.
According to Abdula, the commission will have
as its mission, providing inputs to the government and the Covid-19 Technical-Scientific
Commission on matters which affect the business sector, as well as proposing
mitigation measures, which may include support for company cash flow.
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