Executive finances productive sector with more than 300 billion kwanzas in 2024

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Executive finances productive sector with more than 300 billion kwanzas in 2024
Executive finances productive sector with more than 300 billion kwanzas in 2024

Africa-Press – Angola. The Minister of State for Economic Coordination, José de Lima Massano, announced this Saturday, in the commune of Chipeta, municipality of Catabola, province of Bié, that the Executive has three hundred and 30 billion kwanzas available to support the productive sector this year.

Speaking to the local press, after visiting the economic assets of the Social Security Institute of the Angolan Armed Forces (ISSFAA), located in the municipalities of Camacupa and Catabola, José de Lima Massano highlighted that the financial support is included in the General State Budget (OGE) , already in force.

The Minister of State for Economic Coordination also added that this financial support is intended for the issuance of sovereign guarantees, in order to serve the productive sector, especially economic operators who are engaged in the country’s food sector.

On the other hand, he announced that the Executive will sign a partnership with the private sector to recover public infrastructures that are either paralyzed or that must be built by the State, so that, in return, they can receive tax benefits from government authorities, with a view to boost the national economy.

During his stay of a few hours in Bié, José de Lima Massano, in the company of the ministers of Defense and Veterans of the Nation, João Ernesto dos Santos “Liberdade”, of Agriculture and Forestry, Francisco Assis, and the local governor, Pereira Alfredo, visited the Agro-industriail farms of Camacupa and Arrozal.

He also noted the Cerâmica Prémio da Paz and the Seedling Production Center, all located in the commune of Chipeta, municipality of Catabola.

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