Africa-Press – Angola. The project “Acceleration of Diversification of the Economy and Job Creation (ADIECE)” of the World Bank (WB), in partnership with the Ministry of Economy and Planning, received, this Thursday, in Luena, Moxico province, contributions from the business class and local partners.
The project, estimated at 300 million dollars (USD), has the main objective of moving forward with the plan of “Economic Acceleration and Diversification and Job Creation”.
The intention is to attract private investment and promote the growth of micro, small and medium-sized companies, with a focus on the Lobito corridor.
The project covers the provinces of Benguela, Huambo, Bié and Moxico, foreseeing the construction of two industrial centers (Catumbela and Caála), and the creation of logistics platforms (Kunge and Luau), respectively.
In the city of Luena, local businessmen and entrepreneurs highlighted the importance of the project for the economic growth of the region.
The president of the Chamber of Commerce and Industry in Moxico, Agrione Manuel, defended the reduction of bureaucracy in the assignment of bank credits as some of the priority needs to strengthen the local business class.
Allied to this difficulty, he pointed out the process of setting up companies as one of the factors that potential entrepreneurs face in the region.
For his part, economist Domingos Sete, author of the work “Foreign investment in Angola, fiscal aspects” defended the decentralization and deconcentration of decisions in the country’s capital (Luanda), to boost economic growth in other regions.
Entrepreneur Hortêncio Cassemene suggested the creation of infrastructures, with emphasis on the construction of access roads as a measure that could boost trade and job creation in the province.
Bruno corroborates the idea of Cassemene, a technician from the General Tax Administration (AGT).
In turn, the project director, Ruth Sevaria, reiterated that ADIECE, in addition to building infrastructure, will finance and train micro, small and medium-sized companies, as well as supervise the licensing of institutional activities.
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