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Sat, 13 Jan 2018 11:50 - Updated Sat, 13 Jan 2018 11:51

Cazenga organizes foreign business activity

Luanda - At least 688 foreign traders were registered in recent days in Cazenga municipality, in Luanda, in order to legalize their commercial activity.

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Shoppers at jofabro shop

Photo: Pedro Parente

The goal, according to the municipal director of commerce in Cazenga, Olívio Jorge, is to significantly reduce informal activity so as to broaden the tax base and allow the state raise more revenues.

The commercial network at the municipality, one of the most populous of the capital of the country, deserves greater organization and adjustment according to the commercial regulation, hence the beginning of this process.

According to the official, who was speaking at the end of the visit of the Secretary of State for Commerce, Amadeu Leitão Nunes, to Cazenga, entrepreneurs should invest more in the municipality and openning local shops.

Tags Economy  

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