Mozambique Plans Lower Energy, Water and Fuel Rates for Farmers

email facebook linkedin twitter Whatsapp Mozambique plans to lower energy, water and fuel costs for farmers and food processors, with officials expected to finalize the measure next week The government is also considering a further 10% corporate tax reduction to attract private investment to an undercapitalized agricultural sector The relief comes as rising fuel prices increase production and transport costs in a country that imports about $1 billion worth of food annually Mozambique plans to reduce energy, water and fuel costs for agricultural producers. Speaking at the 21st Annual Private Sector Conference, known as CASP, in Maputo, Agriculture Minister Roberto Albino said on Tuesday, July 14, that the president had instructed officials to finalize the measure by next week.