The manager gave examples of countries such as Uganda and Nigeria in which investors are attracted through companies that use information technology, adding that there are few companies that invest in information technology in the country.
“Technology can play on both sides, that is, for the companies themselves, but also facilitate investments for others. In relation to information technologies in Mozambique, investment is almost zero, but we are working to make our companies more attractive", he said.
According to the 6th Edition of the Absa Africa Financial Markets Index, it points out that Mozambique is one of the worst countries to invest in due to the high taxes that also affect the country's development. In the opinion of the Director of Corporate Banking and Investments at Absa Bank Mozambique, Patrícia Darsam, the recent tax reform, announced by the Government as part of economic acceleration measures, should boost the development of the economy and not just the tax sector.
“The investor is interested in that tax that does not directly affect him, which is the tax on the income that is generated. If it is a national or foreign investment that invests in the stock market, this tax on that income is beneficial, but we cannot just look at the issue of this tax. Tax reform must be something that can boost the development of the economy, not only in the financial sector and the capital market, but as a whole”, he stressed.
