Mozambican Labour Minister after consensus with Labour Consultative Council (CCT), the tripartite negotiating forum between the government, the trade unions and the employers' associations, announced increase in the statutory minimum wages, ranging from 4.13 to 13.5 per cent.
The minimum wage for the agricultural sector, hunting and forestry increased by 5.74 percent to 3183 meticais. The minimum wage for the microfinance, micro-insurance and other financial intermediation activities, rose 7.72 percent to 7,800 meticais and for the banking and insurance company increased to 7050 meticais, an rise of 7.84 percent.
The minimum wages for fishing, quarrying, manufacturing, production, distribution of electricity, gas and water, construction and non-financial services of ranges between 3000 meticais (+5.0 percent) in the capenta fishing sub-sector and 5643 meticais (+5.48 percent) in the sub-sector of large companies in the mining sector.