Minister of State encourages investment in small industries

     Politics           
  • Luanda     Saturday, 13 January De 2024    17h06  
Ministro de Estado para a Coordenação Económica, José de Lima Massano
Ministro de Estado para a Coordenação Económica, José de Lima Massano
Zeferino Zinga-ANGOP

Huambo – The Minister of State for Economic Coordination, José de Lima Massano, on Saturday encouraged national and foreign entrepreneurs to invest more in small industries, with a focus on self-sufficiency and food security.

The minister, who was speaking at the opening of the Huambo agricultural and livestock fair, on the occasion of the visit of the President of the Republic, João Lourenço, to the province, said that the orientation for the business community operating in the country is to invest in more actions to promote national industry, to quickly improve the living conditions of Angolans.

He said that has already been the development and processing capacity of various products at the country level, and the Angolan Government will continue to support these initiatives, in addition to developing solutions that allow them to gain greater scale and volume.

He was hopeful to see lively entrepreneurs, especially those in agricultural production, who are transmitting the feeling that more of what comes from the countryside can now be marketed, thus allowing the acquisition of income for family self-support.

To this end, he said that the Executive will continue to support, through its initiatives, national producers, entrepreneurs and family farmers, to embrace the demand for a stronger and more capable national economy, which can make everyone proud.

José Massano assured that the Government is working for the food security of the population, by developing a fast path with entrepreneurs who believe in the country to materialize this desideratum.

'Fortunately, we have people producing, and we count on all those who are developing this effort, on a collective path and with various difficulties, but that cannot be given up, because the country has enormous potential and wealth that needs to be transformed', he emphasized.

He stressed that, for the development of small industries, the market has financing from the Agrarian Development Fund (FADA), the Angolan Venture Capital Asset Fund (FACRA), the Credit Guarantee Fund (FGC), as well as the financing lines of the Development Bank of Angola (BDA).

Regarding the exhibition, in which 52 local producers participated, the Minister of State said that it was possible to see that the production of food products in the province of Huambo is receiving due attention and that, in a way, some activities are already being developed in small industries in various areas.

Held at the Osvaldo Serra Van-Dúnem pavilion, in the interior of the city of Huambo, the fair was attended by, among others, agricultural producers, input suppliers, municipal administrations and industrial service providers. ZZN/ALH/VIC/DOJ





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