Africa-Press – Angola. Angolan economist Miguel Carneiro highlighted the consumer market of the Southern African Development Community (SADC), with around 400 million inhabitants, in an area of ten million square kilometres.
Speaking about the holding, in Luanda, of the 43rd Summit of SADC Heads of State and Government, Miguel Carneiro underlined that the region has a Gross Domestic Product (BIP) of around 60 percent.
He added that 20 percent of that figure results from industrial production, the same number from the provision of services and another 20 from agriculture.
He stated that Angola is at the forefront of the organisation, as it is a very active Member State and that it has contributed a lot to the growth of SADC.
He pointed to the implementation of the Lobito Corridor as an example of Angola’s commitment to the region’s growth and development.
The Lobito Corridor extends from the port of Lobito, bathed by the Atlantic Ocean, and crosses Angola from west to east, passing through the provinces of Benguela, Huambo, Bié and Moxíco.
It covers the mining production areas of the Democratic Republic of Congo (DRC) and Zambia.
The organization includes Angola, Botswana, Comoros, Democratic Republic of Congo, Eswatini, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Tanzania, Zambia and Zimbabwe.
Angola assumes the rotating presidency of SADC this month, for a period of one year, after having already done so in 2012.
The Acting President of the Southern African Development Community (SADC) is the President of the Democratic Republic of Congo, Félix Tshisekedi.
SADC is an inter-governmental organization created in 1992 and dedicated to socio-economic cooperation and integration, as well as cooperation in matters of politics and security.
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