Angola: Manufacturing industry to grow this year by 32 percent

23 April 2009

Luanda, Angola, 23 April – The manufacturing industry, whose indicators show estimates for a 9.6 percent growth in employment, grew this year by 32 percent said the deputy industry minister, Kiala Gabriel.

According to Kiala Gabriel, presenting manufacturing industry targets for 2009 during the second phase of talks on “Efficacy and efficiency in the business sector: where next?” the growth rate for 2010 would be 31.9, with employment up 12.1 percent.

According to the figures, in 2011 the industry will be growing at a rate of 35 percent, predicting growth in employment of 23 percent, while in 2012 there will be growth of 36.9 percent, with employment expected to be up 29.5 percent.

During his speech, quoted by Angolan news agency Angop, the deputy minister pointed to the competitive substitution of imports and the promotion of exports, by means of incentives and protection of emerging industries as this year’s priorities for the sector.

In relation to objectives for 2009, he pointed to the improvement of infrastructures in the industrial hubs at Viana (Luanda) and Bom Jesus (Bengo Province) and the continuation of infrastructure building at the industrial development hub of Futila in Cabinda province.

Kiala Gabriel said that this year preparatory work would begin for the opening of development hubs at Soyo, Matala, Tombwa, Catumbela and Caála, as well as preliminary studies for the creation of hubs at Kunje, Dondo Negage/Sanza Pombo, Catoca and Cassinga. (macauhub)