Africa-Press – Angola. The deputy governor for the Political, Social and Economic sector of the province of Huambo, Angelino Elavoco, revealed this Thursday that the informal sector absorbs 80.5 percent of the population, through entrepreneurial initiatives focused on self-employment.
The person in charge made this statement at a conference on the socio-political and economic state of the province of Huambo, part of the 19th edition of the National Holiday Camp for University Students (CANFEU), which takes place from the 5th to the 8th of this month, in the commune of Calenga, municipality da Caála, province of Huambo. On the occasion, he recalled that the province of Huambo has an estimated population of more than two million and 700 thousand inhabitants, distributed in 111 municipalities, of which 63.1 percent are formally employed, while 29. 6 percent is unemployed.
He said that the region places 1,500 candidates on the job market every year, mainly young people with higher education degrees and 7,000 with secondary education, the majority of whom are linked to the informal sector.
Secondly, in 2019, despite having a growing population in the informal sector, the Government of the province of Huambo began to register a trend towards an increase in local tax revenues, due to the dynamism of economic activities focused on reducing informality, collecting various taxes and applying from the citizen portal.
At this time, he added, tax revenues went from 10.6 billion Kwanzas (2019) to 20.5 billion Kwanzas (2022), at a time when in eight months of this year, KZ 17 billion were collected.
Angelino Elavoc admitted that young people currently have difficulty finding their first job, a situation that requires constant dynamization of public policies in order to promote new jobs in the region.
With the participation of more than a thousand young people from the country’s 18 provinces, CANFEU is a youth and academic space for the promotion and free exercise of debates and constructive dialogues in solidarity and educational leisure, as well as youth expression of culture, habits and customs of the various provinces and regions of our country.
The event takes place under the motto “University Youth Love the Homeland and Make Angola Grow”.
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