Ver Angola

Economy

Council of Ministers approves Single Investment Window

The Council of Ministers approved this Tuesday the creation of the Single Investment Window, a mechanism to facilitate investment through which it is intended to concentrate all the necessary operations in the agency promoting private investment.

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The draft presidential decree approved at the 4th ordinary meeting of the Economic Commission of the Council of Ministers, to which Lusa had access, states that it will be the Agency for Private Investment and Promotion of Imports that will centralize the operations inherent to carrying out the investment, obtaining the necessary authorizations and services for the investor to carry out the projects.

The economic commission also approved the Action Plan for the Integrated Rural Trade Development Program 2020 that characterizes the provinces where it will be implemented on an experimental basis (Malanje, Cuanza Norte, Cuanza Sul, Bié, Huambo, Benguela and Namibe), taking into account the scale of investments and agricultural developments to be promoted in these regions.

The timetable for implementing measures to alleviate the impact of the pandemic caused by the new coronavirus on businesses and families and the informal sector of the economy was also approved.

In the field of Public Finance, a diploma was approved that alters the tariff regulation for the electricity sector with a view to introducing the required annual revenue methodology, defining the revenue levels for each company in the public electricity sector value chain.

The economic commission of the Council of Ministers also considered the balance sheet report of the Treasury Cash Plan for February and the proposal for the Financial Treasury Program for the 2nd Quarter of 2020.