Angola wants marine resources to help diversify the economy

29 March 2017

Angola plans to work with the University of Aveiro, in Portugal, to promote the so-called Blue Economy to assist in the economic diversification process, the minister of Fisheries, Victoria de Barros Neto said in Luanda.

The minister said that later this year Angola may sign a cooperation protocol with the University of Aveiro, which has extensive experience in the sector, for scientific exploration of the resources and services that the oceans offer, developing competitive marine industries in the fisheries sector.

Angola has an Atlantic coastline of 1,650 kilometres and an Exclusive Economic Zone (EEZ) of 330,000 square kilometres, with a multitude of natural resources ranging from a wide variety of fish to resources such as oil and natural gas.

The Minister of Fisheries also said her ministry planned for the fisheries sector to exceed the estimated contribution of 3.0% of Angola’s gross domestic product (GDP).

“It is estimated that the fisheries sector will account for 3.0% of GDP, we are not satisfied and would like to increase that percentage so that the economy of the sea is also a source of revenue,” said Barros Neto. (macauhub)