• Home
  • Advertisement
  • Contact Us
  • English
  • Português
Thursday, February 2, 2023
  • Login
Mozambique Agri
  • News
    • All
    • Crops
    • Diary
    • Fresh Produce
    • Game & Wildlife
    • Livestock
    At least 3 kg of food grown in Mozambique’s fields is lost due to inefficient processing, transportation, and storage-World Bank

    A change to hotter conditions is a looming challenge in the agricultural sector in the Southern African region

    AfDB commits $10 billion to fight food insecurity

    AfDB commits $10 billion to fight food insecurity

    Natafim SA expands drip-line manufacturing plant

    Natafim SA expands drip-line manufacturing plant

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Farming in South Africa; Six Things That Need Urgent Attention in 2023

    Farming in South Africa; Six Things That Need Urgent Attention in 2023

    Macfrut 2023,Turkey to participate in International Blueberry Days

    Macfrut 2023,Turkey to participate in International Blueberry Days

  • Africa
    AfDB commits $10 billion to fight food insecurity

    AfDB commits $10 billion to fight food insecurity

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s new agriculture pledge on the cards

    Africa’s new agriculture pledge on the cards

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    EIMA International 2022, a Global Event Returns

    EIMA International 2022, a Global Event Returns

    2026 declared World Year of Pastoralism

    2026 declared World Year of Pastoralism

  • Company
    Norway pledges to build resilience of small aquaculture farmers in East and Southern Africa

    Norway pledges to build resilience of small aquaculture farmers in East and Southern Africa

    Tropical Cyclone Ana: WFP ready to provide food and logistics support for rescue and relief operations

    Tropical Cyclone Ana: WFP ready to provide food and logistics support for rescue and relief operations

    Mozambique authorities seek to combat biodiversity devastation by clamping on illicit fishing

    Mozambique authorities seek to combat biodiversity devastation by clamping on illicit fishing

    World Bank, UN launch programme to help Mozambique improve forestry management

    World Bank, UN launch programme to help Mozambique improve forestry management

    Basis of the Nampula economy calls for a re-orientation of efforts towards the most profitable cash crops, Says Nyusi

    Basis of the Nampula economy calls for a re-orientation of efforts towards the most profitable cash crops, Says Nyusi

    Sporadic rains worry Zambezi farmers

    UN announces US$1.2mln animal health programme for Mozambique

  • International
    Macfrut 2023,Turkey to participate in International Blueberry Days

    Macfrut 2023,Turkey to participate in International Blueberry Days

    First Special Agriculture Industrial Zone launched in Mozambique

    EIMA 2022: Unlocking the growth potential of Africa’s Agribusiness

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    Italian industry Growing Turnover despite the Economic Situation

    Italian industry Growing Turnover despite the Economic Situation

    EIMA International 2022, a Global Event Returns

    EIMA International 2022, a Global Event Returns

    African women playing a critical role in local economic development

    Lusophone countries benefit from Africa Investment Forum

  • Markets
    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    Africa’s local ownership drive must balance foreign investment

    President Nyusi reminds investors of the agricultural opportunities available in Mocuba District

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Govt’s initiative to boost cotton and cashew income

    Govt’s initiative to boost cotton and cashew income

    Maize planter calibration to improve your profitability

    Maize planter calibration to improve your profitability

  • Equipment
    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    AWARD targets to improve African smallholders’ livelihoods

    AWARD targets to improve African smallholders’ livelihoods

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    African women playing a critical role in local economic development

    Lusophone countries benefit from Africa Investment Forum

    President Nyusi excited about the prospects the new vegetable oil factory brings

    President Nyusi excited about the prospects the new vegetable oil factory brings

    Russian company to make a humanitarian fertilisers shipment to Africa

    Russian company to make a humanitarian fertilisers shipment to Africa

No Result
View All Result
  • News
    • All
    • Crops
    • Diary
    • Fresh Produce
    • Game & Wildlife
    • Livestock
    At least 3 kg of food grown in Mozambique’s fields is lost due to inefficient processing, transportation, and storage-World Bank

    A change to hotter conditions is a looming challenge in the agricultural sector in the Southern African region

    AfDB commits $10 billion to fight food insecurity

    AfDB commits $10 billion to fight food insecurity

    Natafim SA expands drip-line manufacturing plant

    Natafim SA expands drip-line manufacturing plant

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Farming in South Africa; Six Things That Need Urgent Attention in 2023

    Farming in South Africa; Six Things That Need Urgent Attention in 2023

    Macfrut 2023,Turkey to participate in International Blueberry Days

    Macfrut 2023,Turkey to participate in International Blueberry Days

  • Africa
    AfDB commits $10 billion to fight food insecurity

    AfDB commits $10 billion to fight food insecurity

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s new agriculture pledge on the cards

    Africa’s new agriculture pledge on the cards

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    EIMA International 2022, a Global Event Returns

    EIMA International 2022, a Global Event Returns

    2026 declared World Year of Pastoralism

    2026 declared World Year of Pastoralism

  • Company
    Norway pledges to build resilience of small aquaculture farmers in East and Southern Africa

    Norway pledges to build resilience of small aquaculture farmers in East and Southern Africa

    Tropical Cyclone Ana: WFP ready to provide food and logistics support for rescue and relief operations

    Tropical Cyclone Ana: WFP ready to provide food and logistics support for rescue and relief operations

    Mozambique authorities seek to combat biodiversity devastation by clamping on illicit fishing

    Mozambique authorities seek to combat biodiversity devastation by clamping on illicit fishing

    World Bank, UN launch programme to help Mozambique improve forestry management

    World Bank, UN launch programme to help Mozambique improve forestry management

    Basis of the Nampula economy calls for a re-orientation of efforts towards the most profitable cash crops, Says Nyusi

    Basis of the Nampula economy calls for a re-orientation of efforts towards the most profitable cash crops, Says Nyusi

    Sporadic rains worry Zambezi farmers

    UN announces US$1.2mln animal health programme for Mozambique

  • International
    Macfrut 2023,Turkey to participate in International Blueberry Days

    Macfrut 2023,Turkey to participate in International Blueberry Days

    First Special Agriculture Industrial Zone launched in Mozambique

    EIMA 2022: Unlocking the growth potential of Africa’s Agribusiness

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    Italian industry Growing Turnover despite the Economic Situation

    Italian industry Growing Turnover despite the Economic Situation

    EIMA International 2022, a Global Event Returns

    EIMA International 2022, a Global Event Returns

    African women playing a critical role in local economic development

    Lusophone countries benefit from Africa Investment Forum

  • Markets
    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    Africa’s local ownership drive must balance foreign investment

    President Nyusi reminds investors of the agricultural opportunities available in Mocuba District

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Govt’s initiative to boost cotton and cashew income

    Govt’s initiative to boost cotton and cashew income

    Maize planter calibration to improve your profitability

    Maize planter calibration to improve your profitability

  • Equipment
    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    AWARD targets to improve African smallholders’ livelihoods

    AWARD targets to improve African smallholders’ livelihoods

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    African women playing a critical role in local economic development

    Lusophone countries benefit from Africa Investment Forum

    President Nyusi excited about the prospects the new vegetable oil factory brings

    President Nyusi excited about the prospects the new vegetable oil factory brings

    Russian company to make a humanitarian fertilisers shipment to Africa

    Russian company to make a humanitarian fertilisers shipment to Africa

No Result
View All Result
Mozambique Agri
No Result
View All Result
Home Editor picks

Maximizing LNG revenue, is essential for encouraging growth in non-extractive sectors to foster Mozambique’s broad-based economic growth

Ian by Ian
June 15, 2022
in Editor picks, News
0
Maximizing LNG revenue, is essential for encouraging growth in non-extractive sectors to foster Mozambique’s broad-based economic growth
0
SHARES
513
VIEWS
Share on FacebookShare on Twitter

Mozambique has experienced rapid economic growth over two decades, from 1993 to 2015. During that period, the country’s growth, which was mainly driven by the extractive industry and public investment, averaged 7.9% annually and was among the highest in Sub-Saharan Africa (SSA).

The revelation of undisclosed debts in 2016, colloquially known as “hidden debt,” led to sharp drop in growth, and prompted an economic governance crisis and a protracted economic slowdown, with growth falling from 3% in 2016-2019. The growth slowdown has been further exacerbated by the combined effects of natural disasters in 2019, the insurgency in Northern Mozambique, escalating since 2017, and the global pandemic since 2020.

Mozambique’s existing growth strategy has been limited in its capacity to generate productive jobs and support accelerated poverty reduction. Nearly two-thirds of the population lives in poverty and the country is among the most unequal in SSA. This partly resulted from Mozambique’s increased dependence on large extractive projects, with limited linkages with the rest of the economy, and low-productivity agriculture. There is an urgent need to create jobs for the 500 thousand people entering the labour force every year.

The recent discovery of some of the world’s largest natural gas (LNG) reserves could present Mozambique with a unique opportunity for sustained and inclusive growth. However, making the most of the anticipated LNG resources and bringing growth closer to the poor will require a new ambitious growth model that goes beyond the extractives. The latest Mozambique Country Economic Memorandum (CEM), Reigniting Growth for All, provides concrete recommendations for such a growth model, which can be summarized in two main points: making the best use of the non-renewable natural resource revenues and promoting growth in non-extractive sectors, accompanied by spatial transformation, and improved agricultural productivity.

Mozambique needs to put in place an adequate policy and institutional framework well ahead of the revenue windfalls from the LNG sector. A well-functioning fiscal framework (including clear fiscal rules and targets) is essential for the successful management of revenue volatility in the future. A well-managed sovereign wealth fund (SWF) can help achieve short-term stabilization and long-term savings for future generations. Prudent macroeconomic management would also involve a gradual increase of investment to take limited absorptive capacity into account, whilst improving the quality of public investments.

In addition to maximizing LNG revenue, it is essential to encourage growth in non-extractive sectors to foster broad-based economic growth. In the first phase, policies should be oriented toward maximizing the benefits of resource-driven growth. This would require strengthening linkages between extractives and the rest of the economy and enhancing inter-sectoral linkages. Greater participation of the private sector, including in the services sector, is essential for economic transformation and job creation. The private sector could become an engine of economic transformation and job creation, but it is held back by several binding constraints that include weak regulatory and governance frameworks.

Mozambique could grow its services sector in size and sophistication. Backbone services—such as telecoms and transport and logistics—have the potential to spur growth in other export-oriented activities, including agribusiness and mining. This will require supporting an open trade and investment regime with a transparent and effective regulatory framework. A weak governance framework is hampering regulatory reforms needed for services sector growth, while Mozambican firms cite corruption as one of the top three obstacles to their operations.

Promoting a more inclusive growth will necessitate further efforts to raise agricultural productivity and increase rural mobility to connect farmers to markets and non-farm opportunities. Policies should support access to major corridors and markets, and the adoption of improved seeds and fertilizers. Further, it is crucial to building resilience to climate risks by expanding the coverage of safety nets, increasing the availability of weather warning systems, and fostering risk transfer mechanisms.

Previous Post

Research is the heart of the transformation of agriculture

Next Post

CARWG meeting emphasizes potential for conservation agriculture

Next Post
CARWG meeting emphasizes potential for conservation agriculture

CARWG meeting emphasizes potential for conservation agriculture

April – June 2022

Recent News

At least 3 kg of food grown in Mozambique’s fields is lost due to inefficient processing, transportation, and storage-World Bank

A change to hotter conditions is a looming challenge in the agricultural sector in the Southern African region

January 30, 2023
AfDB commits $10 billion to fight food insecurity

AfDB commits $10 billion to fight food insecurity

January 30, 2023
Natafim SA expands drip-line manufacturing plant

Natafim SA expands drip-line manufacturing plant

January 23, 2023

A change to hotter conditions is a looming challenge in the agricultural sector in the Southern African region

Africa’s Vast Arable Land Underutilised for Cash and Food Crops

2022-2023 cashew marketing campaign expected to earn cashew producers US$ 87 million

New Amarex

New Amarex
Mozambique Agri

Moz-Agri Magazine is a source of news worthy information in the Mozambican agricultural sector with a nationwide distribution boasting of a decent print run of 9,350 copies per edition.

  • Advertisement
  • Contact Us

© 2022 Moz-Agri Magazine | Website by NES Africa Group.

No Result
View All Result
  • Home
  • News
  • Advertisement
  • Contact Us

© 2022 Moz-Agri Magazine | Website by NES Africa Group.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In