The Government launched on Monday (29) the first training program for insolvency administrators, a measure seen as strategic to help companies affected by post-election protests recover and to restore confidence in the country’s economic and legal system.
According to Lusa, the five-day training, held in Maputo, brings together 60 professionals from the fields of Law, Accounting, and Economics, selected to become the first Mozambican specialists in this area. At the opening ceremony, the Minister of Justice, Constitutional and Religious Affairs, Mateus Saize, emphasized the central role that the new administrators will play in consolidating the business environment and strengthening the credibility of institutions.
“Your mission goes far beyond managing bankruptcy proceedings. You will be guardians of confidence in the economic and legal system. Through your work, you may save viable companies, protect creditors and investors, and ensure the swift and fair application of the law,” said the minister. According to Saize, the process aims to certify, register, and supervise the work of these professionals, ensuring that Mozambican justice is “credible, effective, and transparent.” He further stressed that the training represents a “strategic investment in the country’s future,” with the goal of creating a “healthy and competitive” business environment.
The initiative comes in the context of economic reconstruction following the protests that erupted after the 2024 general elections. The social unrest lasted for nearly five months and resulted in around 400 deaths, as well as the destruction of public and private infrastructure in several cities, particularly in Maputo. According to data from the Confederation of Economic Associations of Mozambique (CTA), about 955 companies were directly affected by the protests, of which 51% suffered total vandalism and/or looting. Losses were estimated at 32.2 billion meticais ($480 million), with a direct impact on the loss of more than 17,000 jobs.
The President of the Mozambican Bar Association, Carlos Martins, also underlined the importance of providing the country with insolvency administrators who are “accredited, trained, and guided by solid ethical standards,” arguing that only in this way will it be possible to “contribute to an effective legal framework.” He also stressed that insolvency and recovery should be seen as “legitimate mechanisms” for resolving economic difficulties.
The government’s investment in the training of these professionals represents an institutional shift in the approach to corporate bankruptcy in Mozambique, with the expectation of ensuring greater predictability and resilience for the national economic fabric.
Source: Diário Económico
