africa Angola development Economy FDI

Public and private partnerships boost Angola’s economic diversification

The Angolan economy’s diversification will necessarily involve the creation of public and private partnerships, taking into account the country’s economic reality, Trade Minister Joffre Van-Dúnem Júnior said yesterday.

Speaking to ANGOP at the Luanda International Fair (FILDA / 2019), the official said that with the Public-Private Partnerships (PPPs), the economy will easily diversify.

He stressed that the holding of the fair is the basis for new commercial activities to emerge, around diversified production chains, being carried out on the initiative of public and private economic agents.

He emphasized that public and private partnerships will achieve the objectives defined in the National Development Plan 2018-2022 related to sustainable economic development, which presupposes having a diversified economy.

According to the minister, the PPPs represent the public instrument of an economic and financial nature that allows or maintains an adequate pace of investment and modernization of public and private services, which enhances and energizes the country’s economic sector.

Source: Angop

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