Africa-Press – Angola. The Angolan government is preparing a revision of the Sponsorship Law, with a the aim to increase participation of the private sector in the financing of social, educational and cultural projects in the country, the Minister of Finance, Vera Daves de Sousa, said in Luanda.
Responding to questions from deputies during the meeting of the specialized working committees of the National Assembly, regarding draft 2026 General State Budget (OGE), the minister acknowledged that there is still much to be done regarding the participation of the private sector, through the figure of the sponsor.
She added that the revision of this legal instrument aims, essentially, to make its regulation and application a simpler practice.
“We will accelerate the process to make this possible, as we will naturally count on the support of the ladies and gentlemen deputies to discuss this proposed revision,” she concluded.
The patronage law in force in Angola establishes the legal regime for tax incentives and state support in the context of patronage.
This legislation aims to foster and promote the development of the social, cultural, sports, educational, youth, technological, health and information society sectors.
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