Mozambique’s Council of Ministers yesterday approved the merger of public companies Chokwe Hydraulics (Hidráulica de Chókwe) and Lower Limpopo Irrigation (Regadio do Baixo Limpopo).
The merger aims to “improve operational efficiency in the management and maintenance of irrigation systems”, spokesman Filimão Suaze told reporters after a Council of Ministers meeting at the presidency in Maputo.
The two public companies in Gaza province, southern Mozambique, have returned negative results for years despite revitalization efforts by the government and partners since 2015.
According to Filimão Suaze, the merger aims to ensure strategies that focus on partnerships with private entities, as well as strengthening production capacity through technology.
he ambition is to “improve the transfer of technology to producers, generating better agricultural production and productivity”, Suaze said, without providing further details on the impact of the merger.
Chókwè Hydraulics and Regadio do Baixo Limpopo were among the companies with the lowest share capital in the Mozambican public sector, with 12 million meticais (€187,000) and 14 million meticais (€217,000) respectively, according to September 2021 figures from the National Statistics Institute.
Lusa