"Livestock production registered a growth of 143 percent between 2019 and 2024 and caused a greater impact on the Production Support, Export Diversification and Import Substitution Program (PRODESI)," says the government, in a statement to which VerAngola had access.
According to Alan Varela, agro-industrial production also saw significant growth, "with emphasis on sugar and cooking oil, which increased by 16 percent and 171 percent, respectively."
In the period in question, the executive said that "the main production lines registered a growth of 33 percent, with emphasis on cereals, where rice production went from 10,000 tons in 2019 to 48,000 tons in 2024, while wheat production increased from 4,000 to 37,000 tons, reflecting the Executive's commitment to transforming the current paradigm".
"The root and tuber chains recorded the greatest growth, with an increase of 51 percent, followed by fruits, with 24.6 percent, and cereals, with 12.9 percent," reads the note, which also highlights the significant growth recorded in the beverage sector, which went from 18 million hectoliters in 2019 to 32 million hectoliters last year.
Among other aspects, he also reported that, in the field of financing, a total of 6,301 projects were approved, "with a global disbursement of 1.5 billions kwanzas".
"It is important to note that Notice No. 10 was, in fact, the financial product that, at around 85 percent, covered the overall financing of 1.2 billions kwanzas," he added.
It also indicated that the Credit Guarantee Fund "issued guarantees for 4,274 projects, with a total of 486.8 billion kwanzas, facilitating the creation of 104,402 formal jobs."
As for the future, PRODESI intends to maintain its focus on "the development of agribusiness, the production of animal feed, the fishing industry, cotton production and the transformation of forestry products".
The meeting, among other aspects, served to assess the PRODESI Balance Report for 2024 and the prospects for 2025.
The government expects the economy to grow by 3.6 percent and inflation to reach 18.4 percent this year
The government expects the Gross Domestic Product (GDP) to grow by more than three percent this year, and estimates that the inflation rate will be slightly above 18 percent. The forecasts are in the Executive Macroeconomic Program for the Year 2025 (PME 2025), whose document was also analyzed at the meeting of the Economic Committee of the Council of Ministers.
PME 2025, according to a government statement, "estimates a growth in Gross Domestic Product of 3.61 percent and an expected inflation rate of 18.4 percent at the end of the period".
This document aims to guarantee and "propose measures that promote articulation and compatibility between economic and social policy objectives and macroeconomic management measures, as well as to evaluate the performance of macroeconomic variables in 2024 and anticipate national performance in 2025, in the real, fiscal and external sectors".
Thus, "the outlook is the consolidation of the growth trajectory, with GDP expected to grow by around 3.61 percent, driven by growth in the non-oil sector of around 5.76 percent, despite a contraction of 1.82 percentage points in the oil sector, including gas," reads the statement.
The document states that, "despite price levels considered high, monthly inflation has shown a tendency to slow down its growth rate, which began in May 2024".
Its behavior last year was influenced, among other factors, "by the adjustment of public transport prices, diesel, tuition fees in private and public schools, the update of telecommunications service prices, as well as the closed season in the fishing sector, in the months of June and July".
PME 2025 also points out that the "international economic context will continue to be characterized by the maintenance of the pace of economic growth, a slowdown in inflation and, consequently, in interest rates".
The second ordinary meeting of this body, which took place in Luanda under the guidance of the President of the Republic, João Lourenço, also resulted in recommendations related to the acceleration of the reforms that are underway.
Thus, according to a government statement, the Economic Commission of the Council of Ministers recommended the "acceleration of ongoing structural reforms to support the process of diversification of economic activity".
This measure aims to raise levels of food and nutritional security, as well as create decent jobs for citizens.
Among the body's recommendations is also the "continuity of the fiscal consolidation process, so that measures leading to sustained growth are reinforced".
"All sectors were advised to make a greater commitment to ensure that positive results are maintained, with a view to creating an increasingly inclusive economy, capable of providing better living conditions for citizens," the note reads.
These recommendations are the result of the assessment carried out by the Memorandum on the Evolution of GDP in 2024, "which indicates growth in the national economy of around 4.43 percent".
"The document highlights the dynamism of the non-oil sector with 5.15 percent, as a result of measures to stimulate the economy and boost its potential, as well as the positive performance of the oil sector, including gas, with around 2.9 percent," says the note, which adds that "significant contributions came from the Agriculture sector, which, during the year, registered growth of 3.47 percent, fisheries 12 percent, transport 10 percent, construction four percent and electricity with five percent."
According to the Executive, this growth was due to the "effective implementation of a set of programs included in the National Development Plan (PDN) 2023-2027 and the Public Investment Program (PIP) projects".
"Initiatives by private sector operators also contributed, which allowed for an increase in national food production, with the aim of raising levels of food and nutritional security," the note says.
Speaking to journalists, Luís Epalanga, Secretary of State for Planning, said that this was the "most significant growth seen" in the last decade, adding that the Government's expectation is that in the "coming years this pace will be maintained to reduce unemployment rates and price levels, which remain high".
"The only way we can see this growth is to restore purchasing power to families and create jobs, especially for young people. But it is not enough to record growth in just one year or a few quarters; it has to be consistent throughout the period," said the Secretary of State.
At the meeting, the presidential order that "authorizes the temporary transfer of agricultural infrastructure on the Camabatela Plateau" was also analyzed.
"The infrastructure will be handed over to the Camabatela Plateau Livestock Cooperative (COOPLACA) and includes the Integrated Livestock Marketing Center, the Camabatela Fairs and Auctions, the Camabatela Plateau Development Office Building, the Laboratory and the Veterinary Inspection and Supervision Posts, located in the municipalities of Cangandala, Lucala, Camavo, Bungo and Sanza Pombo", informs the Government, which considers "this concession necessary for the infrastructure to become effectively functional and profitable, and livestock farmers can generate jobs, boost rural tourism and collect revenue for the State, among other benefits".
Among other matters, the commission was also informed about the Strategic Plan of the Angolan Insurance Regulation and Supervision Agency for the period 2025-2029.
