Business promotion programme in Angola to see initial investment of US$425 million

7 April 2011

Luanda, Angola, 7 April – The programme for Business Promotion in Angola outlines an initial investment of US$425 million and an annual recurring cost of US$435 million, Angola’s economy minister, Abraão Gourgel said Tuesday in Luanda cited by Angolan news agency Angop.

The minister was presenting the Programme for Business Promotion and its initiatives, which amongst other things aims to increase the competitiveness of the Angolan economy in relation to its partners in sub-Saharan Africa.

According to the Economy minister, the programme’s initiatives will have particular impact on sectors that are considered to be a priority such as agriculture, livestock, fishing, manufacturing industry, geology and mining, as well as construction materials and services to support the manufacturing sector.

As key initiatives for the agriculture, livestock and fishing sectors, he noted a boost to cooperatives, greater support from the government for entrepreneurs to improve management of agri-livestock production and distribution of production.

In terms of manufacturing industry, geology and mining, the Business Promotion Programme aims to make manufacturing industry operations easier, as well as contribute to supplying more infrastructures. (macauhub)