Ver Angola


Angola wants to consolidate growth with support from the private sector

The Minister of State for Economic Coordination highlighted this Friday the great objective of consolidating and deepening the country's new growth paradigm, with the State and the private sector "always hand in hand".

: Domingos Cardoso/Angop
Domingos Cardoso/Angop  

At the opening of the 1st National Industry and Commerce Forum under the motto "Challenges of Food Self-sufficiency", Manuel Nunes Júnior stressed that the forecasts for this year are for a growth of the national economy in the order of 3.3 percent, with 3.4 percent in the non-oil sector and 3 percent in the oil sector.

"Our main objective is to consolidate and deepen this new paradigm of growth in Angola, a growth driven by the non-oil economy, where the private sector is the main actor", said the minister, emphasizing that only with this paradigm will be resolved "the great and difficult social problems" of Angola "with emphasis on unemployment, hunger and misery".

According to Manuel Nunes Júnior, the support program for National Production, Export Diversification and Import Substitution (Prodesi) has been implemented by the executive since 2018 and is based on "the establishment of a true alliance between the State and the private sector, in the increase of national production, in the income of the citizens and in the fight against poverty".

"The State and the private sector must always go hand in hand, always very interconnected", stressed the official, adding that the State must create the conditions for private sector investments to reach the highest possible levels of return and make profitable the private business activities.

"We will have to continue working with discipline and focus so that in the coming years we will be self-sufficient in terms of food production. We must stop importing goods of wide popular consumption and produce domestically", he stressed.


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