Angolan industrial companies can obtain foreign currency through a request to the Ministry for Industry

16 March 2017

Angolan industrial companies that need to import spare parts and pay salaries to foreign workers must send a letter to the Ministry of Industry with pro-forma invoices, among other things, to have access to foreign currency, the Minister for Industry said Wednesday in Lubango.

At the end of a two-day visit to Lubango, the capital of Huila province, Bernarda Martins said that this is a mechanism created by the government to support the business sector in obtaining foreign currency from commercial banks, which will be used to import raw materials and other goods.

The minister pointed out that some companies are already benefiting from this mechanism and that others, which had closed because they could not get raw materials to continue operating, had already reopened and she stressed that the province’s entrepreneurs that are in the same situation should contact the ministry to obtain information about overcoming the problem.

On her visit to Lubango, Martins said her ministry was contacting the provincial governments to provide land to set up industrial hubs.

The minister, according to Angolan news agency Angop, met with the provincial governor of Huíla, João Marcelino Tyipinge, as part of a quick visit to Lubango, said hubs had already been set up in the provinces of Cabinda, Benguela and Huambo. (macauhub)