Ver Angola


Country imported 31 percent less food in first quarter

Angola disbursed 495 million dollars in food imports in the first quarter of the year, a decrease of 31 percent compared to 717 million dollars in the last quarter of 2019.


The information was released by the Minister of State for Economic Coordination, Manuel Nunes Júnior, at the National Assembly, where the revised General State Budget (OGE) proposal for 2020 was approved in general.

Manuel Nunes Júnior said that the import of foodstuffs still consumes about 25 percent of the currencies used to import goods from the non-oil sector.

"It means that we still have many foreign exchange resources that are used for food goods", said the minister, stressing that, however, "the import of food goods has been decreasing".

“For example, in the last quarter of 2019, the import of food goods was around 717 million dollars. In the first quarter of 2020, this figure increased to 495 million dollars, which means that there was a decrease of 31 percent in food imports ”, he stressed.

The minister attributed this evolution to a better organization of the foreign exchange market and to an increase in the demand for national products.

“We are verifying these two factors, we can say that we are on the right path, there is a demand for national production, there is a decrease in imports and what we need is to increasingly support our entrepreneurs, give them the necessary support from the point of view. view of credit, organization, of all those elements that provide a good business environment ”, he indicated.

In turn, the Minister of Economy and Planning, Sérgio Santos, stated that the agriculture sector had an 18 percent increase in the revised OGE, ensuring that 327 billion kwanzas are available, mobilized in commercial banking to support producers, and another 39.9 billion kwanzas from the Development Bank of Angola (BDA).

"Based on the Prodesi [Production Support, Export Diversification and Import Replacement Program], we are working with 1682 companies, 288 cooperatives across the country, to make access to credit feasible," said the minister.

According to Sérgio Santos, “simplifying the complex life of doing business in Angola, facilitating access to credit” and formalizing companies, are two very important pillars for Prodesi.

Sérgio Santos admitted that a very large number of companies are in the informal sector and do not have access to the means and policies of stimulus that the executive intends to affect companies.

“We want to ensure that, despite the scarcity of resources, there are resources to support this effort this year, a total of 327 billion kwanzas, mobilized in banking, through notice 10 from the BNA and a commitment from the Development Bank of Angola, of 39.9 billion kwanzas ”, he declared.

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