Executive approves Memorandum on Strategic Food Reserve

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Executive approves Memorandum on Strategic Food Reserve
Executive approves Memorandum on Strategic Food Reserve

Africa-Press – Angola. The Executive approved Tuesday (25), in Luanda, the Legal Regime for Telework, a diploma that regulates the exercise of work activity usually carried out outside the company and using information and communication technologies.

The approval of the diploma will facilitate the exercise of the professional activity of workers linked to public, private, mixed companies, cooperatives, social organizations, diplomatic and consular representations, outside the premises of the employer.

According to the press release made public at the end of the ordinary meeting of the Economic Commission of the Council of Ministers, guided by the President of the Republic, João Lourenço, in Cidade Alta, the measure could result in increased productivity, decongestion of urban traffic, promotion and integration of people in the job market, greater conciliation between the worker and family support, among other benefits.

The Economic Commission made an amendment to the Regulation for Sharing Electronic Telecommunications Infrastructures, with a view to adapting the legal framework to support the sharing of infrastructures to the new reality of the sector and to good international practices, as well as to define the scope of action of the Electronic Communications Regulatory Body in terms of negotiation and infrastructure sharing agreement between interested parties.

The members of the Economic Commission also appreciated a proposal to update the Law on Merchant Marine, Ports and related activities, with the aim of conforming it to the new international legal order, in order to allow full, effective and efficient application.

With the approval of this diploma, it is intended to create “indispensable premises” for the promotion of international maritime trade, as a priority to leverage the national economy, with exports and foreign direct investment as a starting point.

Public funds

In the field of Public Finances, the Economic Commission approved the Public Funds Restructuring Program, as an instrument that contributes to the optimization of management and public resources allocated to public funds, aiming at conforming to a unitary legal framework, which regulates the creation, structuring and functioning.

The Economic Commission also approved, in the field of Finance, the Annual Indebtedness Plan 2022, a document that materializes the State’s financing strategy within the scope of the OGE execution process, taking into account internal and external funding sources and considering a level of indebtedness within sustainable limits.

Yesterday’s meeting also approved the regime applicable to the fees and fees charged by the Gaming Supervision Institute, within the scope of the activity of operating games of chance, chance, social, remote online games and the like, constituting a source of diversification of the OGE’s revenues.

The Memorandum on Angola’s Tariff Offer Proposal, within the framework of the African Continental Free Trade Area, an “essential” document for its implementation in the country, establishing the form of gradual elimination of import duties for products originating in States that make part of the agreement, was also approved at the meeting.

Infrastructure and financial reinforcement
The Executive granted a financial reinforcement of 24 billion Kwanzas to the Strategic Food Reserve Mechanism, with a view to building the necessary infrastructure for storing the reserve and supporting the institution’s management.

The information was released yesterday, in Luanda, by the coordinator of the Angola Customs Warehouse Management Commission, during a press conference at the headquarters of the Ministry of Industry and Commerce.

Eduardo Machado said that the money will be used, essentially, in the construction of a cold storage park to store more than ten thousand tons of chicken in the Customs Warehouse of Angola, where most of the ships, from the point of view of conservation, lack urgent intervention.

According to the coordinator of the Angola Customs Warehouse Management Commission, the equipment, mainly compressors and chambers, are being produced in Switzerland and other parts of Europe.

He announced, by the way, that the Strategic Food Reserve Mechanism is interested in the future purchase of all the maize to be produced in the next agricultural season, for the constitution of permanent physical stocks and to help national emergency situations. He referred that, currently, there are already 40 thousand registered national producers, between small, medium and large, adding that the Strategic Food Reserve (REA) is already being operationalized.

At first, he underlined, the REA consists of stabilizing the flow of supply of consumer goods to families and populations. He spoke of the recent placement on the national market of 143,000 tonnes of products (corn grain, wheat, refined sugar), which caused their prices to fall.

He recalled that there are eleven products designated for the strategic reserve, among which he highlighted cornmeal, wheat flour, rice, beans, pasta, sugar, cooking oil, dried fish, iodized salt and chicken. He stressed that until today the country has received maize, wheat and sugar, with the arrival and consequent introduction of rice and cooking oil on the market for this and next week, with the aim of guaranteeing the country’s Strategic Food Reserve.
Eduardo Machado said that Angola’s “excellent” weather and water conditions allow, with some predictability, to ensure the competitiveness of products.

“The Reserve Mechanism is only sustainable with the increase of the internal production capacity of the designated products of the reserve,” he said, stressing that the program, approved yesterday by the Executive, aims to promote the production of these crops.
He explained the criteria used to find the company managing the REA, noting that the selection process was implemented through an international public tender.
He mentioned that the Evaluation Committee received four proposals, resulting in the constitution of consortia due to the “complexity” of managing the reserve. “Reserve management is a multidisciplinary process. It has aspects that have to do with logistics, processing, production, financial elements. There are a set of elements that do not allow management by just one company,

For his part, the Secretary of State for Commerce, Amadeu Nunes, said that small, medium and large producers in the country will not be excluded from the production process in Angola.

Strategic Food Reserve

The Executive members approved the Memorandum that contains the assumptions and actions to be implemented within the scope of the Operationalization of the Strategic Food Reserve.

The diploma aims to ensure the creation of an ecosystem, which allows the promotion of national production of products that constitute the stock of the Strategic Food Reserve, facilitating access to seeds, fertilizers, as well as campaign credit to producers and purchase of their surplus.

The Economic Commission also approved the OGE Execution Report, referring to the Third Quarter of 2021, a document that presents the degree of execution of this State financial management instrument, in that period, reflected in the budget, financial and equity balance and in the statement. of equity variations.

The members of the Executive were informed about the Updating of the Terms and Conditions of the Notice on the Granting of Credit to the Real Sector of the Economy, a diploma that aims to review the respective regulations, with a view to giving continuous strength to the promotion of economic activity in the productive sector, to promote food security and sustainable economic growth.

The review is summarized in the conformation of the diploma to the current macroeconomic context; adjustment of eligible goods and financing modalities; review of the cost-benefit associated with financing
the real economy and review of the number of projects defined for the concession in view of the equity structure of financial institutions.

The Economic Commission was also informed about the Balance of Payments and International Investment Position Report, a national accounting instrument that describes the results of commercial relations between Angola and the rest of the world, as well as the balance between the financial assets and liabilities that the residents in the country had relative to the world, during the third quarter of 2021, during which the global balance of payments and the net position of international investment stood at 1.6 billion dollars.

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