(3 Minutes Read)
The report highlights that the lack of structure and technological progress has kept the manufacturing sector stagnant since 2012, without significant changes over the years, a factor that could jeopardize the manufacturing sector’s contribution to transforming the economy and generating jobs.
Micro, small, and medium-sized enterprises (MSMEs) in the manufacturing sector in Mozambique continue to struggle to survive but without achieving real growth due to the current political, economic, and social situation.
The conclusion is set out in the Manufacturing Industries Survey (IIM) for the year 2022 presented a few days ago, which reveals that the country’s manufacturing sector faces structural challenges that impede innovation, expansion, and job creation, essential factors for economic transformation, the improvement of living conditions and the elimination of poverty.
It states that, over time, the lack of structure in the manufacturing sector makes its growth unlikely and vitiates the possibility of hiring in greater numbers.
In the sector, 75% of companies are micro, hiring up to 10 employees, and around 20% percent are small, with the capacity to hire 10-50 employees, while 5% are medium-sized, hiring 51-300, and mostly concentrated in the city and province of Maputo.
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The report highlights that the lack of structure and technological progress has kept the manufacturing sector stagnant since 2012, without significant changes over the years, a factor that could jeopardize the manufacturing sector’s contribution to transforming the economy and generating jobs.
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