Ver Angola


Government will create National Employment Fund and 25 billion kwanzas are now available

The Government has approved the creation of the National Employment Fund in Angola (Funea), which already has 25 billion kwanzas available for this year, to mitigate youth unemployment.


According to the Economic Commission of the Council of Ministers, which met under the guidance of President João Lourenço, the fund will guarantee the financial resources needed to promote public and private initiatives for the insertion of recent graduates and the unemployed in the labor market, as well as granting incentives, on a non-refundable basis, to young people who attend courses or professional training actions.

Speaking to the press, the Minister of Public Administration, Work and Social Security (MAPTSS), Teresa Dias, said that a management contract was planned with a financial institution, to implement employability projects at national level.

"We have been following up until now that in the various ministerial departments there have been various employability initiatives. What we intend with the creation of this fund is to have concentrated financial resources so that employability initiatives can effectively be structured, implemented and that they are not repeated by the various organs of the State", he said.

In this sense, continued the minister, all existing funds for employability are now gathered in a single body and under better management.

Teresa Dias said that the target audience should be the youth, which has the highest unemployment rate, "about five million inhabitants", with 25 billion kwanzas already available for this year, which will be funded through resources treasury specials.

"This money is already guaranteed for us to finish the year, and annually we will have, through Treasury resources, resources allocated to the fund", said the minister, stressing that this is not the only source to finance the fund, which also counts with incentive resources for active employment policies.

"We are talking about the oil fund that we are already used to via INEFOP [National Institute of Vocational Training] and now it will be via the fund to also finance employment policies, we will also have funding through donations, we will have also income from the operation of funds from the allocated resources and we are referring to interest, rents and profits, through applications that will also be for the benefit of the fund itself", highlighted Teresa Dias.

According to the minister, there is a "panopy of exercises that the institution that wins the public tender for the management of the fund must use in order to implement what the policies and statute of the fund are".

"We will always have, as supervision, the MAPTSS, the Ministry of Finance and the Ministry of Economy and Planning and, as an additional body that will also supervise, the IGAE [General Inspectorate of State Administration]", he added, appealing to the unions and employers that also follow up and monitor the implementation of the fund.

The fund will also finance projects by entities of the National System of Professional Training and Technical Professional Education, the promotion of reimbursable financing for micro and small companies, support for employment and self-employment, through lines of credit with financial institutions and public bodies. autonomous.

The financing of initiatives with the objective of providing young people with specific skills aimed at placing them in the labor market is also part of the range of initiatives to be financed by Funea.


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