Ver Angola


Decrease in inflation of around 13 percent influenced by the focus on domestic production

Mário Caetano João, Minister of Economy and Planning, asserted that the focus on national production influenced the decrease in inflation of around 13 percent last year, compared to 2021.


One of the symbols of this commitment is the Production Support, Export Diversification and Import Substitution Program (Prodesi). Cited by Angop, the official considered this program as one of the reinforcements to the country's production, given that through it a set of financial products are elaborated to help the economy.

On the occasion, the holder of the Economy and Planning portfolio, quoted by Angop, indicated that the program appeared in 2018, and in the following year it had around 30 projects approved. Already in 2020, they had more than 400 projects approved, while in 2021 and 2022 they had 170 and 1800 projects, respectively, with the projects being part of the various productive fields (agriculture, fishing, tourism, among others).

According to Mário Caetano João, to boost production through Prodesi, they started to work with economic agents with the aim of facing the country in a variant of financing the economy, writes Angop.

In addition, it also showed that several awareness-raising actions were carried out to change the import scenario, since the new scenario bets on the country's production.

Cited by Angop, the minister, referring to technology, said that they have made access easier with financing, which went from around 30 beneficiaries in 2019 to more than 3000 last year, with the aim of acquiring tractors assembled in the country.

Still on the path of increasing production, said the person in charge, incentives for access to the market began, through holding fairs in the municipalities and, last year, the Feira Internacional de Luanda (FILDA) began to be seen as an incubator of business, starting to host other fairs, writes Angop.

The minister also made it known that the program also supports exports and, last year, returned to the results achieved in 2019, with the export of around 100 million dollars worth of Prodesi products, writes Angop.

Decrease in the weight of the oil sector in GDP among the Executive's pretensions

The Government intends to reduce the weight of the oil sector by 20 percent of the Gross Domestic Product (GDP). Mário Caetano João explained that the Executive expects an average annual economic growth of around 3.5 percent to reduce the weight of the oil sector by 20 percent of GDP in 2027.

For this, he added, it is necessary for the non-oil sector to increase by 4.5 percent and the oil sector by around 1.1 percent a year, writes Angop.

"We are going to make the non-oil sector responsible for approximately 80 percent of GDP", said the minister who, quoted by Angop, recalled that the referred sector, at the moment, collaborates with around 25 percent.


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