Africa-Press – Angola. The news, according to which Angola has a surplus in wheat flour production of around 600 thousand tons of wheat per year, constituted one of the most relevant facts in economic news for the week ending.
According to the facts, Angola has 10 mills that guarantee the transformation of one million 300 thousand tons of wheat flour – a production above the needs of the domestic market, estimated at 700 thousand tons per year.
Another relevant news fact, published on the ANGOP Economy page, is the publication of the Presidential Decree that exempts and simplifies the procedures for granting tourist visas for entry into Angola for 98 countries, with emphasis on Portugal, Brazil, Cape Verde, United States, Russia and China, within the framework of promoting and expanding tourism.
Also worthy of mention were the statements made by the president of the Southern African Airlines Association (AASA), Aaron Munetsi, who points to travel costs and the lack of visa exemptions as impeding factors in connecting the continent’s 54 countries.
According to Aaron Munetsi, Africa needs to reduce travel costs, in particular, in the Southern sub-region as well as eliminate the requirement for tourist visas, in order to boost inter-connectivity on the continent.
Furthermore, the governor of the National Bank of Angola (BNA), Manuel Tiago Dias, highlighted the financing of 752 projects, within the scope of notice no. 10, with a total of 1.06 billion kwanzas.
The manager explained that “Notice No. 10” began with credits in 2020 and that it applies to financial institutions under the supervision of the BNA, stipulating the conditions for concessions for the real sector of the economy, for cultural and food production activities. essentials.
From the investment made, he said, 43 thousand 882 new jobs emerged, with emphasis on the areas of agriculture, livestock and manufacturing.
Still on financing, the news from the Credit Guarantee Fund was highlighted about the availability of 50 billion kwanzas to boost national production, above all, to finance agriculture, livestock, fishing, production support services and the manufacturing industry .
To this end, companies interested in obtaining financing must make applications quickly and in a simplified manner by adopting a single portfolio.
Still in the financing segment, the news from the World Bank that made available 300 million US dollars (247.7 billion kwanzas) to finance the construction of infrastructure to support production along the River Corridor stood out. Lobito.
The good news was made public by the World Bank (WB) regional director for Equitable Growth, Finance and Institutions, Hassan Zaman. The financing, to be made through the “Diversifica Mais” project, will be disbursed in phases, over a period of five years.
On the other hand, the announcement by the National Institute of Support for Micro, Small and Medium Enterprises (INAPEM) about the issuance of 689 “Made in Angola” stamps since 2012 was highlighted, and that this number results from a total of 177 companies adherents to the Made in Angola Service.
In the field of energy, the completion of tests on three turbines at the Luachimo Dam, in the province of Lunda Norte, was announced. Of the four turbines of this Hydroelectric Plant, three are available to start producing electrical energy, after the tests are completed. The production capacity of the equipment is 26.4.5 megawatts.
In another aspect, Turkey’s demonstration in mobilizing companies for opportunities in the Lobito Corridor was a fact.
This initiative was made public by its ambassador to Angola, Ufuki Ekici, who assured that his diplomatic mission is working to mobilize around 200 companies to identify business opportunities in the Lobito Corridor and the Special Economic Zone (ZEE).
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