Angola wants help from Portuguese businesspeople to diversify the economy

23 November 2018

The Angolan President, currently on an official visit to Portugal, will travel to Porto, the northern city of the country, where he will take part in a meeting between Angolan and Portuguese businesspeople, according to the official schedule.

The meeting, a conference on the theme “Angola: what change,” which is expected to bring together a few dozen businessmen from both countries, should focus on Angola’s need to diversify its economic activity, which is currently focused on oil and diamonds

President João Lourenço said on Thursday in Lisbon that he hopes to be able to count on the help of Portuguese businesspeople to diversify his country’s economy, adding that “we want to stop living on oil.”

“Angola has potential and it is the intention of the government to develop existing resources to diversify the economy and to rise out of the crisis that has lasted for some time,” said the Angolan president.

On Thursday, Lourenço addressed the members of the Portuguese parliament, noting that his government is involved in “two battle fronts” – the fight against corruption, which “corrodes” the foundations of development, and the diversification of the Angolan economy, where “the main agents should be private investors, both domestic and foreign.”

Before the session in parliament and after a reception ceremony with military honours at Praça do Império in Lisbon, Portuguese President Marcelo Rebelo de Sousa and João Lourenço, accompanied by his wife, Ana Dias Lourenço, went to the Palace of Belém for a private meeting.

At the end of the meeting, Rebelo de Sousa announced that Portugal and Angola would sign agreements on Friday in the areas of education, health, culture, justice, economy and finance. (macauhub)