The Institute for Management of State Holdings (Igepe), the body that manages the state business sector (SEE) in Mozambique, will audit the accounts from 2020 to 2023 of 24 state companies, the institute announced.
In a notice published today in daily newspaper Notícias, Igepe is inviting audit companies to submit proposals to analyse the reports and consolidated financial statements of SEE.
The institute is also calling for “possible weaknesses in the process of consolidation of SEE accounts” to be identified and for “recommendations aimed at improving them” to be produced.
The 24 companies to be audited are involved in telecommunications, agriculture, oil and gas, health, services and transport, Igepe said.
Last year, the Mozambican government and the International Monetary Fund (IMF) agreed to strengthen the supervision and management of companies in the business sector and improve debt control, as part of the financial assistance programme of US$470 million (437.7 million euros) until 2025.