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Economy

Angola has already approved more than a thousand projects to increase national production

Angola has already approved 1,024 projects to increase national production, having financed a total of 723.3 billion kwanzas, the Executive announced at the end of the meeting of the Economic Commission of the Council of Ministers.

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"With regard to the promotion of national production, the Report highlights that financing was approved for 182 companies and 179 cooperatives [in 2021], 615 of which from companies and 409 from cooperatives, in the amount of 723.3 billion kwanzas", reads the press release distributed at the end of the meeting, this Wednesday in Luanda.

"To encourage the increase in the purchase of national products, 2226 contracts for the purchase of national production were signed, of which 1147 contracts were signed in the year 2021", the statement added.

The Economic Commission of the Council of Ministers held its third ordinary meeting of the year, at the Presidential Palace, in Cidade Alta, chaired by the President of the Republic, João Lourenço.

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