8 February 2013

Angola: Entrepreneurship Crucial for Sustainable Development - Vice President

The Angolan vice president, Manuel Vicente, said Friday in Luanda that entrepreneurship in Angola plays a crucial role in the country's sustainable development, by stimulating changes in business making, through innovation and stiffer competition among companies.

Manuel Vicente was speaking at the opening of the 1st National Forum of Young Entrepreneurs, which aims, among others, to discuss the importance of entrepreneurs in building an economically consistent and self-sustaining society.

He stated that the Executive has placed at the top of its priorities the need for a structured management training, which contributes to the sustainable development of Angola, so that the Angolan entrepreneur can follow, hand in hand, the demands of a world with production systems increasingly complex and sophisticated financial market.

He appealed for the dedication of young people to participate in the National Training Programmes, in order to explore opportunities that can emerge in the field of the companies oriented towards the technical and vocational training.

He recalled that the Executive, with the creation of the "Angola 25", which resulted from the adoption of the Law on Micro, Small and Medium Enterprises (MPME), launched the platform for the dynamic growth of private business.

The vice presdient mentioned a number of actions intended to operationalise the MPME Act, providing funding to facilitate the granting of support, streamlining the processes of regulation and licensing requirements and encouraging the generation of new businesses.

The official stressed that despite the efforts of the Executive, the Angolan economy remains heavily dependent on the outside, due to the inability of the productive sector to fully satisfy the domestic consumption needs.

He stressed that in 2011, an export expenditure was noted estimated at Usd 17 million in manufactured goods, machinery, equipment and construction equipment, automobiles, food, among others.

In view of this situation, the vice president urged national entrepreneurs to consider, in a proactive way their surroundings environment, in order to identify business opportunities and take advantage of all the programs implemented by the State.

Among the programs, he pointed the "Business Counter", "Angola Invest", "Risk Fund" and "Agricultural Campaign Credit."

"There are many businesses that can be done both in the area of trade and industry, including the industry, civil construction, mainly in the activity of maintenance and conservation of roads, construction of social housing, with utilisation of local media,", he stated.

The vice president also mentioned easy business with attractive financial returns, as well as programmes to promote the flow of agro-farming goods, within the framework of the projection of the agro-business, associated with the relaunch of the railways and other means of communication.

Manuel Vicente said that this kind of business will boost the national economy, allowing the raising of revenue for farmers, resulting in improved living conditions in the producing regions, increased industrial production equipment, fertilisers and pesticides, greater distribution of local production, reduction of food imports, creation of direct and indirect jobs, as well as support for the fight against hunger and poverty.

The official expressed the wish that the structuring businesses are developed in the 618 communes of the country, based on the wide diversity of needs of various geographic points, with the emergence of a greater and more effective integration of the informal sector into the formal economy.

He informed that the Executive has created programmes that facilitate consistent and sustainable professional life of 5h3vAngolan entrepreneur and expressed the hope for the strengthening of the active role of the national entrepreneur, increased production and improved distribution of the national wealth.

He also said that the holding of this Forum of Young Entrepreneurs, gathering participants from all provinces of the country, transmits the common desire for economic and social growth, proving that "there is complementarity between the Executive and the business class, in which the partnership is essential for Angola to grow smoothly and sustainably."

Manuel Vicente encouraged Angolan women, within their means and abilities, to promote business projects that contribute to the improvement of their lives and their families.

The Forum has a panel on "policy and strategy for promotion and development of entrepreneurship" and another on "plan of implementation of development programmes and support for entrepreneurs."

The event received lectures from such ministers as those of Economy, Abraão Gourgel, Agriculture and Rural Development Afonso Pedro Canga, Telecommunication and Information Technologies, José de Carvalho, and the CEO of the Angola Development Bank, Paixão Franco.

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