ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Wed, 23 Oct 2019 18:14 - Updated Wed, 23 Oct 2019 18:14

Housing credit can boost construction industry

Luanda - House loans could help leverage the real estate sector and, consequently, the industry focused on the production of construction materials in the country, the Angolan Industrial Association (AIA) chairperson, José Severino, said Wednesday in Luanda.

Send by email

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

Correct

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

José Severino, AIA chairperson

Photo: Alberto Julião

According to José Severino, the association of industrialists has 4,000 members and house loans would help boost the activity of 1000 companies in the sector that are facing bankruptcy.

Speaking to journalists, on the sidelines of the 4th Seminar of the Construction Materials Industry of Angola, under the motto ”Processes and Procedures - Industrial Technology, organized by the Association of Construction Materials Industries of Angola (AIMCA), he stressed that the Housing credit aims to promote the human and financial workforce.

He suggested the creation of credits spread across provinces from north to south to reduce regional asymmetries.

If housing credit is boosted, he said, the sector would have the capacity to generate more than 8.000 jobs.

On the occasion, José Mangueira, chairperson of the Angolan Construction Materials Industry Association (AIMCA), stressed that the quality of materials and production efficiency depend in part on the normalization of water and electricity supply.

Tags Industrias  

Read also
  • 10/10/2019 19:20:58

    Cement factory raises production capacity to 70%

    Luanda - The Kwanza Sul Cement Plant (FCKS), whose current production corresponds to 30% (450.000) of its installed capacity (1.5 million tons / year), will increase this capacity from 2020 onwards 70 percent, announced its director of human resources and administration, Joaquim Manuel.

  • 03/09/2019 16:45:21

    EKA brewery production drops by 40 percent

    Dondo - The northern Cuanza Norte province-based "EKA" Brewery's production level decreased by 40 per cent, the company's director general, Marc Mayer, said Tuesday.

  • 21/08/2019 16:29:27

    State receives inactive factories

    Luanda - Textile factories built with public funds and seized by the Attorney General of the Republic, in the provinces of Luanda, Benguela and Cuanza Norte, began to be formally handed over to the state last Tuesday.