The Government will invest around US$ 2.4 billion in the construction of various socio-economic infrastructures, over the next three years.

The investment is part of the Package of Measures for Economic Acceleration, launched on Tuesday in Maputo by the President of the Republic.

Filipe Nyusi said on the occasion that the amount will be raised internally and through various external funding windows, for different areas.

"The measures have a medium and long term perspective, for that, we have to think big and simultaneously create secure bases for a change in the country's development paradigm that will impact the lives of Mozambicans," Nyusi stressed.

In light of the implementation of the Economic Acceleration Package, it is expected that more than 40,000 families will benefit from social protection to alleviate the cost of living in the coming years.

On Tuesday, the Mozambican Head of State announced 20 measures to accelerate the economy and alleviate the cost of living.

The highlight goes to the reduction of VAT from 17 to 16 percent and the IRPC from 32 to 10 percent in the Agriculture, Aquaculture, and Urban Transport sectors.