Africa-Press – Angola. The 1st Angola-Brazil Business Forum (FEAB), which was attended by 500 businessmen, including Angolans and Brazilians, as part of President Lula da Silva’s visit, marked the news of the Economic Desk for the last seven days.
Under the motto “Relaunching the strategic partnership between Angola and Brazil”, the event held on Friday (25th) in Luanda, kicks off the relaunch of the strategic partnership in various areas of cooperation for both countries, considers the business class of two countries.
According to the president of the Brazilian Export and Investment Promotion Agency (APEX), Jorge Viana, the holding of FEAB inaugurates a new phase for the relaunch of socioeconomic cooperation for both countries, opening opportunities for the business class to invest in Angola and vice versa. -versa.
The interaction between Angolan and Brazilian investors and government officials in that forum served to identify the real solutions that could be adopted so that Angola stops spending, for example, more than two billion US dollars (one USD is equivalent to 824.9 kwanzas) when importing food from Brazil.
The president of the Private Investment and Export Promotion Agency (AIPEX) of Angola, Lello Francisco, reiterated that the country has “arms open” to receive all types of investment, for which reason he invited businessmen to invest in all sectors capable of contribute to the diversification of the national economy, with emphasis on agribusiness, the food industry, pharmaceuticals, health and infrastructure.
He recalled that, in the last five years, the Executive implemented a set of measures to reform the country’s macroeconomic structure, with emphasis on improving the business environment, tax incentives, simplification and reduction of bureaucracy in public administration services, liberalization of the foreign exchange market , among other actions to attract private investment.
He made it known that, annually, Angola imports food products from Brazil worth around two billion US dollars, with a significant weight for animal protein, chicken, pork, vegetable fats and cereals, products that can be produced locally .
As for the Angola-Brazil Economic Forum, the official said that the event allowed for the exchange of experiences between the business class of the two countries, as well as the development of synergies for doing business.
Still within the framework of the visit of the Brazilian President, Lula da Silva, the republics of Angola and Brazil signed the action plan, 2023/2025, for technical cooperation and the development of irrigated regions and policies to support family farming in the south of Angola.
The plan is part of the “Programa do Vale do Cunene”, an initiative whose direct beneficiaries are the population of the Vale do Cunene, a semi-desert region, an experience also lived by the population of the Vale de São Francisco, in Brazil.
The Work Plan, signed by the deputy director of ABC, Luísa Lopes, and by the director of the Study and Statistics Office of the Ministry of Agriculture and Forestry of Angola, Anderson Jerónimo, establishes 25 priority actions, such as the elaboration of policies for family agriculture, training of Angolan staff and development of agricultural and livestock research.
This week also saw the 1st Angola – South Africa Business Forum, with a view to altering the trade balance between Angola and South Africa, amounting to US$29.6 million.
On the occasion, the South African ambassador to Angola, Oupa Ephraim Monareng, considered that the two States have the potential to stimulate economic growth and promote regional development, creating new and high jobs for their citizens.
Also highlighted at the Economic Desk was the sale of polished diamonds, in Angola, which in the first half of this year amounted to US$594.17 million.
This value, advanced by the National Director of Mineral Resources, Paulo Tanganha, represents 37% less, if compared to the previous period, and results from the sale of approximately 2 million and 933 thousand carats of diamonds at an average price of US$202.61 per carats.
Compared to the same period of 2022, he pointed out that there was a decrease in the amount of carats recovered, of approximately 3.9%.
Prior information was also highlighted that the Government will determine, in the coming weeks, minimum prices for certain products, within the framework of food security.
This announcement was made by the Minister of State for Economic Coordination, José de Lima Massano, to Rádio Nacional de Angola (RNA), in Johannesburg, South Africa, on the sidelines of the BRICS summit.
Currently, in Angola there is a table of food products, a total of 32, under monitored prices, within the framework of Presidential Decree nr.206/11, of 29 July, which establishes the general bases for the organization of the national prices.
Over the past seven days, the Government has reiterated its commitment to strengthening fisheries inspection.
According to the Minister of Fisheries and Marine Resources, Carmen do Sacramento Neto, who was speaking in the municipality of Baía Farta (Benguela), despite the limitations of the inspection area, due to lack of means, the sector has been prosecuting and applying fines to transgressions in fishing activity.
As for trawling, the official informed that most of the companies that practice this type of fishing are registered in the online system and carry out the activity with authorization from the Ministry of Fisheries.
The minister clarified that what has been happening, both with national and foreign vessels, is not respecting the areas indicated for trawling, committing transgressions.
Mention was also made of the certification of 153 business institutions in various branches, in the first half of this year, in Moxico province, by the National Institute of Micro, Small and Medium Enterprises (INAPEM).
The information was provided by the head of INAPEM in Moxico, Henriques Quiluange, who referred to the fact that in the aforementioned number, 79 percent of certified companies have retail trade as their main activity, 10 percent in the provision of services, seven in the agricultural sector and four turnarounds in other economic activities.
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