Transport Minister Ricardo D’Abreu advised companies in the sector on Monday to use the “tools” created by the Government to mitigate the effects of the COVID-19 pandemic. According to the Transport Minister, who has worked in southern Benguela province, the Angolan government recently approved measures to alleviate the economic impact, with a financial package of KZW 488B to support micro, small and medium-sized companies in the productive sector and beyond.
“These measures will help companies pay wages and avoid dismissals,” he said.
Ricardo D’Abreu acknowledged that the transport sector is one of the hardest hit by COVID-19, due to the fact that restrictions on inter-provincial mobility call into question their normal functioning.
“We think it’s a less good cycle that we’re going through, but it’s going to recover,” he stressed.
Asked about the prospects of the sector for the post-COVID-19 period, he said it was still too early to draw up any prognosis, as a matter of fact, from what we have seen and studied, the recovery process will be progressive and not automatic.
“The return to normality will be progressive, so we have to be cautious in any other scenario, to advance prospects in the post-COVID-19 era,” he said.
As for the possibility of probable losses in the branch, the minister said that the current moment does not represent some particularity or exclusivity of the area he directs.