Ver Angola

Economy

Angola 2050: Cabinda wants a local economy that goes beyond oil and wood

As part of the 'Angola 2050' Long-Term Strategy, Cabinda hosted a consultation session led by Milton dos Reis, Secretary of State for Planning, which also included the presence of the Deputy Governor for Technical Services and Infrastructure , Agostinho da Silva. At the event, personalities linked to the province outlined future goals, including a commitment to agriculture, manufacturing industry and tourism.

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According to a statement from the Ministry of Economy to which VerAngola had access, the contributions of the citizens present focused on the topic of diversifying the province's economy, which wants to develop a local economy beyond oil, Cabinda's main export product and from the country.

The bets then focused on agriculture, manufacturing industry, and tourism.

The transition to green energies is also one of the subjects that Cabinda wants to see seriously reflected in the ELP – Angola 2050, as is the commitment to training and professional training in the areas of high-yield agriculture and technology development.

One of the most applauded suggestions at the event is the implementation of an agricultural bank that works in municipalities and communes, with a simpler and less bureaucratic model, to boost the activity of micro and small agribusiness producers in the country.

Ideas aimed at spatial planning were also launched, one of which was to define and develop industrial specialties by province.

However, one of the speakers warned participants about the importance of "being realistic and having the notion that oil will continue to be a source of income for Cabinda". According to the businessman, it is essential to develop the manufacturing industry of the oil sector in Angola, so that the country not only stops importing derivative products, but that it can export the various products in this value chain.

It should be recalled that this was the third of the 17 provinces, excluding Luanda, to hold a consultation and public consultation session on the Long-Term Strategy 'Angola 2050', and that this process should take place across the country, by the 9th of June.

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