Government of Angola appoints technical committee to assess textile industry

13 October 2017

A technical commission appointed by the Angolan government will assess the situation of three recovered textile factories and whose concessions to private companies were revoked under a joint dispatch from the ministers of the Economy, Industry and Finance.

The joint order states that the commission will carry out a diagnosis of the three industrial units recovered using state funding of US$1.2 billion “in order to ensure their immediate productive use in the context of the decisions taken by the government.”

The technical commission, which will have to prepare a report “with a unanimous and objective position on the textile industries,” will be coordinated by Vicente Leitão, president of public company Recredit, and will also include the president of the Institute for the Public Sector, Henda Inglês, and the director general of the Institute of Industrial Development of Angola (IDIA), Dário Camati.

The concessions were revoked by three decrees signed by the Minister of Industry, Bernarda Martins, on the grounds that the Industrial Development Institute of Angola “lacks the competence” to assign surface rights to private companies under the Land Law of 2004 and its regulations.

Of the three manufacturing units, Nova Textang II launched the production and marketing of fabric in February, with África Têxtil having recently started exporting cotton yarn, with 15 containers containing 156 tonnes of the product shipped to Portugal. (macauhub)