ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » News » Economy

Sun, 21 Feb 2016 13:01 - Updated Sun, 21 Feb 2016 13:01

Benguela: Government effort to reduce impact of oil crisis highlighted

Lobito - The Government’s effort to lessen the impact of drastic fall in the oil price on the world market was praised Saturday in Lobito, central Benguela province.

Send by email

To share this news by email, fill out the information below and click Send


To report errors in the texts of articles published, fill out the information below and click Send

Benguela: Deputy governor for economic affairs, Gika Morais

Photo: Rosário Miranda

Benguela deputy governor for economic affairs, Gika Morais, was addressing the opening of the 9th meeting of workers of the state-run estate managing company, Imogestin SA.

The official stated that the Government has recently adopted relevant measures to mitigate the impact of the low price of oil on the international market.

He said the new challenges demand synergies towards solutions to the effect of the crisis, which leads to the need to diversify the economy.

According to him, diversification of the economy must be based on agriculture, construction, fisheries and industry, with the use of local raw materials, resulting in the saving of foreign values, prosperity of businesses and families, and revenues for the State’s coffers.

The official said the vulnerabilities and diversification of the economy must be addressed with great vigour.

Gika Morais recalled that the Imogestin SA personnel meeting is taking place at a time Angola is going through a complex macro-economic environment, with the impact of the oil price severely reducing revenues and exports.

The event touched on such matters as community empowerment programmes, macro-process in the chain of values of estate projects at world level, as applied to the new satellite city projects.

Read also
  • 22/01/2016 11:51:47

    Floods ruin over two hectares of crops in Ganda

    Ganda - At least 2,863 hectares of maze and bean crops were destroyed by floods in Ganda Municipality, central Benguela Province, revealed last Thursday the municipal secretary of the National Union of the Associations of Peasants and Farming Co-operatives (UNACA), Modesto Júlião.

  • 20/01/2016 18:28:35

    Benguela: Government discusses 2016 Budget

    Benguela - Central Benguela province Government Council Wednesday here analysed the exercise of the State Budget for the region in the 2016 period.

  • 11/01/2016 10:05:52

    Benguela: Governor lays cornerstone for construction of fishery research centre

    Lobito - The governor of the central Benguela province, Isaac dos Anjos, laid on Thursday in Lobito, the foundation stone for the construction of the Centre for Fishery Research and Monitoring.