Investment in information technologies in Mozambique is “almost zero”, according to the Executive Director of FSDMoç, Esselina Macome, speaking of the contribution of technology to attract investors to the Mozambican Stock Exchange.
The manager gave examples of countries like Uganda and Nigeria where investors are attracted through companies that use information technology, adding that there are few companies that invest in information technology in the country.
"Technology can play both ways, that is, for the companies themselves, but also facilitate investments for others. Regarding information technologies in Mozambique, investment is almost zero, but we are working to make our companies more desirable", said.
BUT: Mozambique. Women trained in Information and Communication Technologies
According to the 6th Edition of the Absa Africa Financial Markets Index, Mozambique is one of the worst countries to invest in due to the high taxes that also condition the country's development. In the opinion of the Director of Corporate and Investment Banking at Absa Bank Mozambique, Patrícia Darsam, the recent tax reform, announced by the Government as part of the economic acceleration measures, should boost the development of the economy and not just the tax sector.
"The investor is interested in that tax that does not directly affect him, which is the tax on the income that is generated. If it is a national or foreign investment that invests in the stock market, this tax is levied on that income and is beneficial, but we cannot just look at the question of that tax. Tax reform must be something that can boost the development of the economy, not only in the financial sector and the capital market, but as a whole"He said.
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