PR wants speed in the diversification of the economy

PR wants speed in the diversification of the economy
PR wants speed in the diversification of the economy

Africa-Press – Angola. The President of the Republic, João Lourenço, recommended this Friday, to the members of the Executive, greater speed in the ongoing process of diversifying the economy, having underlined the need for the country to produce more, regardless of the oil sector.

The Head of Executive Power, who was speaking at the inauguration ceremony of the new Minister of State for Economic Coordination, José de Lima Massano, expressed the importance of further transforming the countless mineral resources for the benefit of the population.

Still regarding the countless mineral resources that the country has, President João Lourenço considered it fundamental “to transform them. And manufacture a set of goods that are essential for the lives of populations”.

“We need to resolve a set of goods to the satisfaction not only of the economy, but also of citizens who, in some way, end up being affected”, he said in the presence of the Vice-President of the Republic, Esperança da Costa, and members of the executive economic team

At the act, João Lourenço recommended, in particular, to the new Minister of State, to mobilize banking to finance more the national economy, as it is a segment “very important for the development of the country”.

“Everything else depends on the good health of the country’s economy”, said the Statesman, underlining that “the great disease of our economy continues to be the strong dependence on oil revenues”.

Prior to this appointment, which took place on Thursday (8), the new Minister of State for Economic Coordination held the position of Governor of the National Bank of Angola (BNA), since December 7, 2022

Meanwhile, José de Lima Massano had already been Governor of the BNA between October 2010 and January 2015. Before that he was chairman of the executive committee of the Banco Africano de Investimento (BAI).

José Massano has a master’s degree in Management and Auditing from the City University of London. He holds a degree in Economics from the University of Salford, Manchester, England.

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