Luanda - The chairwoman of the Board of Directors of the Institute for the Management of State Assets and Participations (IGAPE), Vera Escorcio, said on Friday that financial indicators for 2023 in the country grew 17 percent compared to the previous year.
In terms of amount, according to the manager who was speaking to the press at the end of the Council of Ministers meeting, the amount was around 908 billion kwanzas, which translates into more resources to be applied in other sectors of activity.
The Council of Ministers, meeting this Friday, under the guidance of the President of the Republic, João Lourenço, considered the aggregate report of the accounts of the companies that make up the public business sector, for the year 2023.
The public business sector had around 54 thousand 932 workers until 2023, which, according to the manager, turns out to be positive, taking into account the sector's resizing program.
'There is also a growth in the assets that make up the companies in the public business sector. Here the growth was more expressive at around 35 percent', highlighted Vera Escorcio.
He said that, from this perspective, the country ends up having a more robust public business sector with good business management practices.
He explained that in the 2023 financial year, companies continued what are good management practices, which created a set of transformations at the level of the companies that make up the public business sector.
Another relevant aspect, he stressed, has to do with job stability, which had a growth in the number of employees in the public business sector of 0.7 percent.
He said that the public session to release the data of the aggregate report is scheduled for September, with details that will be publicly announced.
Sovereign Wealth Fund
Also today, the Council of Ministers considered three diplomas of the Angola Sovereign Fund (FSDEA), which in their rigor are part of the strengthening of the governance of this institution, within good international practices.
Speaking to the press at the end of the meeting, the president of the fund, Armando Manuel, said that the specific strategic changes are related to the possibility of the institution being able to shield the access of resources to its subsidiaries, being able to make use of guarantees and loans.
He highlighted the issue of improving governance in terms of the investment committee, and this body (Sovereign Fund) should be an internal body of the institution that is governed by feasibility and risk analysis. AFL/VC/DOJ
