The President of the Assembly of the Republic (AR), Esperança Bias, swore in the nine members of the Supervisory Committee (SC) of the Mozambique Sovereign Fund (FSM) yesterday (Tuesday) in Maputo. This is an independent body that will control revenues from the production of liquefied natural gas from Offshore Areas 1 and 4 of the Mozambican...
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IMF defends appointment of CEOs of state companies based on merit and professionalism
The International Monetary Fund (IMF) is warning the Mozambican government to use merit and professionalism to appoint board members of state-owned companies. In an assessment of the Mozambican State Business Sector, the financial institution warns that it is necessary to increase the transparency of public tenders launched by this sector. According to...