12 June 2012

Angola Has Natural Potential to Sustain Economy - Release

Luanda — Angola has the natural potential required to reach production levels that can contribute to the families' economic growth and harmonious development, Angop learned Tuesday in Luanda.

The statement is contained in an informative bulletin of the Ministry of Agriculture, Rural Development and Fisheries.

According to the note, existing fertile soils, biodiversity, climate and genetics, abundant water, coupled with a large section of the population whose activity is directly associated with agricultural production, are factors that favour the development of agro-farming and civil construction in the country.

The source says the country's forest sector is the largest of Southern Africa, only second to that of the Democratic Republic of Congo, with a rich and varied potential of resources in vegetation and fauna.

Considering that 60 percent of the country's populations live in the rural area, the forest is the main contributor to the energetic, food, civil construction and industrial sectors.

On the other hand, the millennium goals concerning global food production and competitive advantages of the agrarian sector on the internal and external markets provide opportunities for a true agricultural growth.

According to the note, this growth is justified by a clear political will to invest in the diversification of the country's economic activity, being the agricultural sector strategic for this process of diversification.

"The end of the war in Angola in 2002 enabled the Angolan Government to resume a number of actions that include the allocation of financial resources for programmes of rehabilitation and construction of infrastructures.

Among the various actions underway around the national territory, stress goes to the rehabilitation of the main roads, bridges, railways, production and distribution of electricity and water supplying points," reads the note.

As a result of this effort, Angola has been reaching considerable levels of economic activity, with a growth of the Gross Domestic Product (GDP) of about 11,3 percent in 2004, 20,6 percent in 2005, 18,6 percent in 2006 and 27 percent in 2007.

According to the informative bulletin, a detailed analysis of these figures shows that the sectors that have most contributed to this high growth trend in the economic activity in 2005 were those of oil with 26,9 percent, diamonds (16,2%) and civil construction (16,9%).

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