Ver Angola

Trade

Public entities with an obligation to acquire national production from next year onwards

It is from 2024 onwards that public entities will be obliged to acquire national production. The information was provided by José de Lima Massano, Minister of State for Economic Coordination, who said that only in this way will they be “able to reduce unemployment, improve income levels” of citizens and build well-being.

: ADPP Angola
ADPP Angola  

"From 2024, if there is national production we have to acquire it. This is how we will be able to reduce unemployment, improve the income levels of our citizens and build well-being", said the minister, quoted by Rádio Nacional of Angola (RNA).

Lima Massano also pointed out the continuity of production as the "great challenge that arises". "The great challenge that arises, therefore, is that we have to continue producing, transforming the field", he stated.

Although they intend to put a brake on import levels, the minister explained that there will be products that will continue to need to be imported. However, he added that this process will not be able to develop to the same "magnitude" that has been observed so far.

"There are products that need to be imported, but it cannot be on the scale that we have been doing so far. The country cannot continue, it does not even have that capacity, to depend so excessively on imports", he said, cited by RNA.

"We are also strongly concerned about price stability, but it will not be possible to achieve price stability with imported production. We are very exposed to price volatility in the international market, the behavior of the price of a barrel of oil, production itself oil company, when we have arable land, we have people to work, we have water", added the government official, quoted by RNA.

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