Luanda – The information about the 17 percent growth in the country's financial indicators for 2023 is one of the facts that marked ANGOP's economic news in the last seven days.
The aggregated financial report of companies in the public business sector for the 2023 financial year was assessed during the week ending today, at the 8th ordinary session of the Council of Ministers.
At the end of the meeting, the president of the Board of Directors of the Institute for the Management of State Assets and Participations (IGAPE), Vera Escórcio, announced that the financial indicators grew by 17 percent compared to the previous year.
In terms of amount, she explained, the value was around 908 billion kwanzas, which translates into more resources to be applied in other sectors of activity.
The public business sector had around 54,932 employees by 2023, a number that ends up being positive, according to the manager, taking into account the sector's resizing program.
During the meeting, the Council of Ministers also considered the adjustment of the Organic Statute of the Sovereign Fund of Angola (FSDEA), its investment policy for the period 2024-2028 and the Act changing the Fund's management.
Regarding the Mineral Resources, Oil and Gas sector, the collegiate body considered the Draft Presidential Decree that amends the Production Sharing Contract for the Concession Area of Block 15/06.
Another notable fact is that gross credit from the non-financial sector amounted to 6.8 trillion kwanzas in July, an increase of around 1,060.6 billion kwanzas (18.2%) compared to the same period in the previous year.
According to the National Bank of Angola (BNA), 89.1% of this loan was for private sector debt (private companies and individuals) and 10.9% for the public sector (public administration and public companies). During the period in question, there was also talk of the emergence in Luanda of a factory to refine vegetable and palm oil and produce butter, which is due to open in October and is expected to create 400 jobs.
The announcement was made by one of the leaders of the business group that owns the factory, during an inspection visit by the governor of Luanda, Manuel Homem, to the site where the infrastructure, budgeted at over 90 million US dollars, is being built.
The agency's economic news also featured the holding of the 3rd Banking & Mining Forum, the 4th Annual Conference on Local Content, as well as the meeting of the Angola and Democratic Republic of Congo
(DRC) Chamber of Commerce.
Also, during the week, the First Community Fair was opened in the country's capital, with exhibitors from several municipalities in the province of Luanda, organised by the local government, at which various agricultural, fishing, poultry, handicraft, aquaculture and other “Made in Angola” products are on display.
In turn, the National Oil, Gas and Biofuels Agency (ANPG) and Sonangol Exploration and Production decided to begin, from September, a prospecting action to collect geological data in the onshore blocks of the Kwanza Basin.
This involves contracting a specialized service for the acquisition of gravimetric data (study and analysis of residues) and magnetometric data (regarding the degree of magnetization) in the onshore blocks of the Kwanza Basin, which covers the provinces of Luanda, Malanje and Cuanza-Norte, namely blocks KON-11, KON-12 and KON-15.
As for the mining sector, the highlight is the launch, in Luanda, of the 2nd Angola International Diamond Conference (AIDC), scheduled for next October, in Saurimo, in the province of Lunda-Sul.
When speaking at the launch, the Secretary of State for Mineral Resources, Jânio Correia Victor, stated that the Angola Diamond Exchange will begin operating this year.
The diamond exchange aims to directly sell this mineral and influence its commercialization on the world market. VC/TED/DOJ/DOJ
