Mozambique: Difficulty Accessing Financing Remains Obstacle to Business Growth

Maputo — Difficulty in accessing finance is one of the main obstacles to the growth of small and medium-sized enterprises (SMEs), according to Mozambique’s Confederation of Business Associations (CTA).

According to the economist Egas Daniel, CTA representative, who was speaking on Thursday, in Maputo, countless economic activities generate wealth, create jobs, and add value to the national economy, yet remain virtually invisible to the formal financial system.

Daniel believes that digitalization…