Angola: GDP needs to rise by 10 percent per year, Chamber of Commerce says

12 December 2007

Luanda, Angola, 12 Dec – The need for Angola’s rapid economic recovery requires an average annual gross domestic product growth rate of 10 percent, according to a document published by Angola’s Chamber of Commerce and Industry (CCIA).

According to the document, drawn up for a meeting called “for greater synergy between the government and the private sector,” begun Tuesday in Luanda, due to this challenge it is necessary to promote the creation of thousands of new companies.

According to CCIA it would also be good for Angola’s economic recover for many micro and small enterprises to be set up.

The document also notes the need for making the process of setting up a company easier and that this should be seen as an integral part of the strategy to eradicate poverty and set up favorable conditions for development of a vast market that will provide many lucrative business opportunities.

The meeting, which ends Wednesday, is attended by national businesspeople, ministry representatives, United Nations Development Program representatives, officials from Chevron, the Mozambican Chamber of Commerce, the Industrial Association of Angola and other guests. (macauhub)