Search
  1. Home
  2. Southern Africa
  3. Mozambique

Business confidence index stronger

    JOHANNESBURG

    Business confidence in Mozambique rose slightly in the second quarter of 1999, media reports said on Tuesday.

    News reports quoted the latest findings of the international firm KPMG, which publishes a quarterly Mozambique business confidence index. The overall business confidence index was 95 in the first quarter of 1999, and 95.4 in the second quarter, using a benchmark of 100 points. Forty percent of the companies surveyed were foreign-owned, 20 percent jointly owned, while the remaining 40 percent belonged to Mozambicans. The most
    positive economic sectors, in terms of business confidence, were those of communications, construction, energy and natural resources, and tourism. The least positive were manufacturing, agriculture, and the wholesale and retail trade.

    The confidence index was affected positively by such factors as
    investment incentives, speedy government decisions, the global economic situation, increased regional integration, and the availability of skilled employees. But factors that had a negative impact on the index included land administration the exchange rate, the HIV/AIDS epidemic, business environment, stability and state interference in private business.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join