Regulatory Alerts2022-12-29
Law No. 27/2022 of 29 December - Legal Regime for Bank Accounts Made Available by Credit Institutions
The National Assembly of Mozambique enacted Laws No. 24/2022, 25/2022, 26/2022, and the initial provisions of Law No. 27/2022 on 29 December 2022 to amend municipal election procedures, establish ten new local governments, and comprehensively restructure the national professional education subsystem. Law No. 26/2022 mandates that professional education align with labor market demands through participatory governance, public-private partnerships, a unified national qualifications framework, and autonomous institutional management. These legislative measures collectively decentralize administrative authority, standardize vocational training and certification, and integrate non-formal learning into the formal educational system to enhance national workforce competitiveness.