In March 2021, the Government announced, through the Institute for the Management of State Holdings (IGEPE), that it will restructure four public companies, namely Empresa Moçambicana de Seguros (EMOSE), Correios de Moçambique, Sociedade de Gestão Imobiliária (Domus) and Silos Terminal Graneleiro da Matola (STEMA). With a cost of 32.9 million meticais to be paid by the Government, the studies will be carried out by the company Intellica, SA., which has links with Minister Celso Correia, which was chosen among other renowned competitors such as Ernest & Young, Big Bank in a process that violated public procurement rules.
The restructuring of the companies may consist in the sale of part or all of the State’s participation, restructuring of human resources, the financial sector or the operational sector, depending on the result that will be presented by the referred study. According to IGEPE, this restructuring is part of a vast reform program for the State’s business sector that is intended to be carried out.
CIP recognizes the importance of a deep reform in the state business sector but questions the rationality of the choice of these companies as a priority for restructuring, as well as the choice of the company awarded to conduct the study, Intellica, SA.
