Talatona - At least 1.5 trillion kwanzas, equivalent to US$3.1 billion, is the amount the Angolan Executive made available for the 2023/2027 period, with a view to leveraging the livestock, fisheries and agrarian plan sectors.
Speaking to the press on the sidelines of a round table on development of Angola held on Thursday, the minister of Economy and Planning, Mário Augusto Caetano, said that a growth of around 4.6 percent is expected in the non-oil sector.
He said that for the Angolan economy to grow there must be a slowdown in the non-oil sector of around 0.1 to 1 percent.
According to the minister, the decline in growth in this sector does not mean a slowdown in investment in the economy, but rather an acceleration of diversification in other almost dormant sectors.
He said that the Development Bank of Angola will disburse US$300 million for fishing and livestock and the private sector will count with an equal number to help in the variation of the economic sector.
Mário Augusto Caetano told the press that the contribution of the oil sector to the Gross Domestic Product is 27 percent, and a double-digit drop will be incipient, since the other sectors represent just two percent.
He stated that the Executive's goal is to see Angola as one of the largest agricultural producers in Africa, due to comparative advantages ranging from low population density, arable land, water resources that represent about five percent and favorable weather conditions.
The event, held in one of the capital's hotel units, brought together businessmen and served to launch the 2022 edition of the Business Year magazine.
