Daniel Chapo backs Mozambican small construction firms
By the AFREEQUE newsroom, based on Opais
Mozambican President Daniel Chapo called for easier financing and access to public contracts for domestic small businesses to develop the construction sector. He also backed simpler procedures and a repayment schedule for debts owed to contractors, following a meeting with the Mozambican Federation of Construction Contractors.
Mozambican President Daniel Chapo called for funding and protection for domestic small and medium-sized construction companies, as well as priority in the awarding of small public works contracts. He was speaking on Wednesday 21 October at a meeting with the Mozambican Federation of Construction Contractors, Opais reports.
Chapo also called for administrative procedures to be simplified and for a timetable to be established for repaying government debts to companies. He said regular and flexible payments were necessary to keep projects going and prevent them from being abandoned. Delays increase companies’ costs, particularly through site expenses and workers’ wages.
The president said that contractual deadlines also depend on project owners and their ability to pay for work at each stage. To facilitate access to financing, he proposed that the Development Bank of Mozambique provide loans tailored to the sector, guaranteed by contracts awarded to businesses even before the government makes payment.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
