Vietnamese president announces desire to invest more in MozambiqueA Mozambique-Vietnam business forum organized by the Confederation of Economic Associations of Mozambique (CTA) and the Chamber of Commerce and Industry of Vietnam (CCIV) took place on March 12 in Maputo during the visit to Mozambique of the president of the Socialist Republic of Vietnam, Truong Tan Sang. The event, held in order to explore business opportunities in both countries, was attended by Filipe Jacinto Nyusi, the president of the Republic of Mozambique; Vietnamese President Truong Tan Sang; Mozambican Industry and Commerce Minister Ernesto Max Tonela; Vietnamese Deputy Trade and Industry Minister Cao Quoq Hung; Rogério Manuel, the president of the CTA; Luís Sitoe, the executive director of the CTA; Vu Tien Loc, the chairman of the CCIV; and about 200 companies and representatives of ministries from the two countries. The two presidents welcomed the creation of the Movitel joint venture between the Vietnamese army’s telecommunications group Viettel and the Mozambican company SPI, saying that its success reflected the effectiveness of Vietnamese investment in Mozambique. However, they also said that trade between Mozambique and Vietnam was still too modest, below the potential created by the good political relations between the two countries. Nyusi called for an increase in the volume of trade and encouraged Vietnamese companies to invest in the country: "The expansion and diversification of areas of economic cooperation is needed. Mozambique hopes for investment from Vietnam in energy, agriculture, pharmaceutics, the maritime economy, construction, transport and communications, among others”.

SUMMARY

BUSINESS ENVIRONMENT- Vietnamese president announces

desire to invest more in Mozambique.

EVENTS- Consulate of Mozambique in Durban

promotes seminar on investment opportunities in Maputo.

- International Fair of Verona will take place in May.

- Jakarta will host 18th craft fair and

exhibition.

- 49th edition of the international fair of Algiers.

BCI- BCI and Meadow launch a new

payment solution.

OPPORTUNITY- Expressions of interest: consulting for

an external audit in the INAMI.

ECONOMIC INDICATORS - Exchange rates and inflation rates. - Tax calendar.

 

Newsletter n°270 - 16.03.2016

Editora: AVRIL Consulting

Sede: Av. Patrice Lumumba, 927 - Bairro Central - Maputo Ι www.cta.org.mz

Email: ctanewsletter@cta.org.mz I Tel: + 258 21 32 10 02 I Fax: + 258 21 32 10 01

Por um Melhor Ambiente de Negócios!

Truong Tan Sang and Filipe Jacinto Nyusi

Consulate of Mozambique in Durban promotes seminar on investment opportunities in Maputo

International Fair of Verona will take place in May

Jakarta will host 18th craft fair and exhibition

49th edition of the international fair of Algiers

2 - Newsletter 270 Confederação das Associações Económicas

Por um Melhor Ambiente de Negócios!

The CTA reports that the Indonesian craft association is organizing its 18th craft fair and exhibition, which will take place on April 20-24 in Jakarta, Indonesia. The forum is expected to be attended by over 1,300 exhibitors and B2B meetings will be organized between businessmen

from different countries. In this context, the CTA invites interested parties to complete their registration through the following contact: Tel: +622 17 25 20 33 Email: bpp@asephi.id

Underlining the potential market and the numerous business opportunities that Mozambique represents, Truong Tan Sang said that Vietnam will strive to be one of the largest investors in the country. "We hope that in the coming years, our investments will be in the order of $1 billion, compared to the current $500 million", he said, expressing his desire for Vietnam to become one of the 10 biggest investors in Mozambique. During the forum, a memorandum of understanding was signed between the CTA and the VCCI to facilitate business

and exchanges of experiences between Mozambican and Vietnamese businessmen. Rogério Manuel pointed out that among many challenges, one of the most important is Mozambique’s deficit in rice and wheat production and stressed the importance of establishing partnerships with Vietnam on transfers of agricultural production technology, reminding the success of the joint project in Zambezia province that allowed a double of the rice yield.

The CTA has announced that in partnership with the municipal authorities of the city of Thekhini and the governmental of the Kwazulu Natal province, the consulate of Mozambique in Durban in South Africa is organizing a seminar on March 23-24 for the dissemination of investment opportunities in the province of Maputo. This event will be followed by a meeting between businessmen from both countries. The objectives of the meeting are to increase bilateral cooperation and the implementation of the agreements signed

between Mozambique and South Africa and to boost business in the country. The event is expected to be attended by South African investors from different economic areas, especially agribusiness and shipping. In this context, the CTA invites all interested parties to complete their registration through the following contact by March 15. The costs related to the trip to South Africa are the responsibility of each entrepreneur. Jacira Couto: jcouto@cta.org.mz Tel: +258 21 32 10 01/82 31 11 820/82 31 91 300

The CTA has announced that in partnership with the Embassy of Italy in Mozambique, Athena Servizi is to organize the International Fair of Verona (Italy) on May 4-6. The event aims to increase business and investments partnerships between businessmen from countries around the world, focusing on the agribusiness sector.

In this context, the CTA invites interested parties to complete their registration through the following contact by April 20. Jacira Couto: jcouto@cta.org.mz Lucas Judas: ljudas@cta.org.mz Tel: +258 21 32 10 01/82 31 11 820/82 31 91 300

The CTA has announced that the Algerian Society of Fairs and Exhibitions (SAFEX) is organizing the 49th edition of the international fair of Algiers to take place from May 28 to June 2 at Algiers’ Palace of Exhibitions. The international fair of Algiers is considered the most important economic event in the region. It is an essential platform of the national economy and an annual meeting of the first importance for the international

business community that is interested in the Algerian market and offers investment opportunities and mutually beneficial business. In this context, the CTA invites interested parties to complete their registration by April 16 via the website www.safex.dz or the following contact: Nadia Khelifi Email: Fia2016@safex.dz

BCI and Meadow launch a new payment solution

Expressions of interest: consulting for an external audit in the INAMI

Economic indicators

Exchange rates - BCI 16.03.2016 Inflation rates

3 - Newsletter 270 Confederação das Associações Económicas

Por um Melhor Ambiente de Negócios!

Currency Buy Sell

EUR 50,50 51,52

USD 45,50 46,42

ZAR 2,85 2,91

Month Rate

February 2,24

January 2,48

December 4,76

The signing ceremony of the partnership and cooperation protocol between the Banco Comercial e de Investimentos (BCI) and Meadow Mozambique Lda. took place on March 11 at the BCI center in Maputo. On this occasion, the credit card Meadow was officially launched, a new payment solution to be used in the Meadow network. The ceremony was formalized by David Marais and Gary Arnold, the director and director-general of Meadow, respectively, and BCI CEO Paulo Sousa in the presence of employees of Meadow and BCI, partners and guests.

This payment solution with new and relevant advantages is addressed to individual entrepreneurs and micro, small, medium and large companies. The card will allow domestic payments of credit purchases and only in BCI’s POS, installed in the Meadow’s structure and commercial network, as well as elsewhere previously defined. Meadow Mozambique Lda. has as its object among other things, the production and distribution of foodstuffs.

The Instituto Nacional de Minas (National Institute of Mining) - INAMI, beneficiary and executing agency, intends to carry out an external audit in order to obtain the opinion of independent auditors regarding its financial and operational information, an evaluation of its internal control system and the use of resources allocated. Accordingly, the INAMI invites eligible competitors to express their interest by presenting proposals for the implementation of external audit services in INAMI. Interested bidders may obtain information, examine the tender documents or acquire them for the non-refundable amount of

1,000 meticais at the address below, during weekdays from 8 a.m. to 3:30 p.m. Proposals must be delivered to the same address by 9:20 a.m. on April 5, 2016 and will be opened the same day at 9:35 a.m. in the INAMI meeting room. A provisional guarantee amounting to 25,000 meticais is required. Secretaria Geral Praça 25 de Junho, 380 R/C Caixa Postal 605 Maputo

Tax Calendar - February 2016

Until 20th Payment of the IRPS and IRPC, Art. 29-3 of the Regulation of CIRPS, approved by the Decree No. 8/2008 of April 16 and Art. 67-5 of the CIRPC, approved by Law No. 34/2007 of December 31.

Until end of MarchPayment of the VAT of the previous month, by taxpayers of the normal system Art. 32-1 of the VAT Code approved by Law 32/2007, of December 31.

Until end of March Payment of the Vehicle Tax, Art.1-8 of the ISV approved by Decree No 19/02, of July 23.

Until end of MarchDelivery of the annual income statement from the previous year - Model 10 and Annex (for taxpayers of the 1st Category) , Art.13-1-a of the CIRPS Regulation approved by Decree No. 8 / 2008 of April 16.

Until end of MarchDelivery of the withholding statement communication, Art 44-1-c of the CIRPS Regulation approved by Decree No. 8 / 2008 of April 16 - Model 20H.

Until end of MarchDelivery of the withholding statement communication of non- residents - Art.44.6 of CIRPS Regulation, approved by Decree No. 8/2008 of April 16 - Model 20I.

Until end of AprilDelivery of the annual income statement from the previous year - Model 10 and Annex (for taxpayers who have earned income from other categories) - Art 13-1-b of the CIRPS Regulation approved by Decree No.8/ 2008 of April 16.

Until end of AprilFinal payment of the IRPS on the previous year income, Art.21-a of the CIRPS Regulation approved by Decree No. 8 / 2008 of 16 April.

Until end of MaySubmission of the annual income statement from the previous year by taxpayers - Art 39-1 of the CIRPC Regulation approved by Decree No. 9 / 2008 of April 16 - Models 22 and 22A.

Until end of MayFinal payment of the IRPC on the previous year income - Art 27-1 of the CIRPC Regulation approved by Decree No. 9 / 2008 of April 16.

Until end of MayFinal payment of the IRPS on the previous year income - Art 21-b of the CIRPS Regulation approved by Decree No. 8 / 2008 of April 16.

Until end of June Submission of annual of accounting and tax statement from the previous year by IRPS and IRPC taxpayers Model 20 and Annexes, Art 40-3 of the CIRPC Regulation approved by Decree 9 / 2008 of April 16.

4 - Newsletter 270 Confederação das Associações Económicas