21 May 2018

Angola: Investments Should Attract Capital - Industry Minister

Porto Amboim — Industry Minister, Bernarda Martins, considered in the city of Porto Amboim, Cuanza Sul province, necessary to attract private investment, capable of attracting capital, knowledge and technologies aimed at diversifying the economy.

The minister said that the aspirations of the Angolan economy should find pragmatic solutions that could be implemented by the private industrial sector, without undermining the industry as an aggregating sector and its role in valuing raw materials of the Government's institutional support, whose initiatives are not subsidized by the State.

She stressed that adequate basic infrastructures should be ensured for a competitive presence on the international market and the existence of technology to ensure competitiveness, eliminate excess bureaucracy and promote the existence of compatible products in the world markets.

"The raw export should be very limited, creating conditions that allow us to generate investments in factories of transformation to create more wealth and more jobs," she said.

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