Industrial sector in Angola has more than 7000 factories

5 May 2017

The industrial sector in Angola currently has more than 7000 factories, which is a significant increase compared to the units that existed five years ago, said on Thursday in Luanda the minister of Industry, speaking at the opening of the first methodological meeting of the ministry.

Bernarda Martins, quoted by Angolan news agency Angop, said of that of that total there are 90 factories that are at a standstill due to several factors, such as financial inadequacy, mismanagement and non-compliance with the regulations in force.

The minister said that the industrial sector has been able to survive the effects of the crisis, despite the few resources available for the State to carry out investments considered critical to the development of the sector.

Martins stressed the importance of setting up sector-based industrial associations to limit situations that hinder those interested in the growth of national industry and in strengthening the competitiveness of companies.

“The Ministry of Industry will strengthen the workforce with a new generation of more qualified technicians capable of understanding the importance of the process of economic diversification, which is a strategic goal of the government,” said the minister.

At the meeting there were presentations about the industrial licensing system and the monthly industrial production survey in Angola. (macauhub)