11 March 2014

Angola: Environmental Technology Market Records 78 Percent Growth

The Angolan market of environmental technologies has recorded a growth between 75 and 78% since 2013, and has doubled its volume of business. This was said Tuesday in Luanda by the secretary of State for New Technologies and Environmental Quality, Syanga Abílio.

He was speaking after he launched the 4th edition of the International Fair of Environmental Technologies "Ambiente Angola 2014". The official on the occasion stated that the business volume in the sector has reached about Akz 50 billion (Usd 500 million), as a result of investments in the areas of energy, water treatment, recycling industry and other economic spheres.

According to the secretary of State, the investments have also led to the creation of 1,500 jobs for nationals in the last two years. "We predict a growing trend in coming years. We think that this is a relevant indicator to awaken the local and foreign investors to support this sector," he stated.

Addressing the event attended by local and foreign investors, Syanga Abílio appealed to the countries' banks to release funding for this sector. He added that most of the products, equipment and services involving the environmental technologies available on the international market have been created by students and academic institutions.

The official pledged the commitment of the Angolan Ministry of Environment to encourage the businesspeople to invest in the country, by bringing in clean technologies and ensuring better practices that lead to better living and resources sustainability.

As he said, the International Fair of Environmental Technologies is a Government's strategy to promote technologies with less negative impact, reduced pressure on natural resources and improved living standards in Angola.

According to the official, this strategy includes control of the quality of water and soil, as a Government's strategic commitment toward the local and international related laws.

With support from the Luanda International Fair (FIL), the 4th edition of the International Fair of Environmental Technologies will go from June 5-8, with the participation of investors from Angola, South Africa, Germany, Brazil, China, Spain, United States, Portugal and France.

FIL will make available two pavilions covering a total area of 6,500 square metres to host the event.

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