Angola’s Economy Minister admits that entrepreneurs face difficulties

20 April 2016

Angola’s Minister of Economy,Abraão Gourgel, said in Luanda that the lack of an agricultural diesel subsidy, double taxation of raw materials, customs protection and a lack of public incentives for investment are some of the difficulties businesses face in Angola.

According to Angolan news agency Angop, the minister, who was speaking at a meeting with businesspeople, acknowledged that the food industry (coffee, corn, drinks) and manufacturing (such as wood and cement) are some of the most affected sectors.

Gourgel also admitted that some export sectors, such as tourism, production of grain, sugar, meat, fishing and the production of coffee and honey are the most affected and recognised that domestic production is constrained by a lack of public incentives to the supply chains of local industries.

The minister also listed some of the problems that businesses faced, including the 1 percent charge levied on exports and a lack of inspection of goods for export.

Gourgel said the government was doing everything to reduce bureaucracy and encourage entrepreneurs to support the diversification of Angola’s economy taking advantage of the facilities granted to the various sectors of the Angolan economy. (macauhub/AO)