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Angola housing credit can boost construction industry

House loans could help leverage the real estate sector and, consequently, the industry focused on the production of construction materials in the country, the Angolan Industrial Association (AIA) chairperson, José Severino, said Wednesday in Luanda.

According to José Severino, the association of industrialists has 4,000 members and house loans would help boost the activity of 1000 companies in the sector that are facing bankruptcy.

Speaking to journalists, on the sidelines of the 4th Seminar of the Construction Materials Industry of Angola, under the motto ”Processes and Procedures – Industrial Technology, organized by the Association of Construction Materials Industries of Angola (AIMCA), he stressed that the Housing credit aims to promote the human and financial workforce.

He suggested the creation of credits spread across provinces from north to south to reduce regional asymmetries. If housing credit is boosted, he said, the sector would have the capacity to generate more than 8.000 jobs.

On the occasion, José Mangueira, chairperson of the Angolan Construction Materials Industry Association (AIMCA), stressed that the quality of materials and production efficiency depend in part on the normalization of water and electricity supply.

Source: Angop

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