Left Menu
Development News Edition

Portuguese Minister says entrepreneurs are dedicated to development in Angola

Devdiscourse News Desk | Luanda | Updated: 16-01-2020 17:30 IST | Created: 16-01-2020 17:30 IST
Portuguese Minister says entrepreneurs are dedicated to development in Angola
The expectations of the Portuguese business community includes the country’s economic agenda, with stress to the privatisation process of Angolan state-owned firms, Augusto Santos Silva said. Image Credit: Pixabay

The development agenda of the Angolan government is highly being looked upon by the Portuguese businesspeople, the Portuguese Minister of Foreign Affairs, Augusto Santos Silva said.

The Portuguese top diplomat was speaking to the press at the end of a meeting between the President of Angola, João Lourenço and his Portuguese counterpart, Marcelo Rebelo de Sousa, in Mozambique's capital, Maputo that is aimed at discussing political, economic and social cooperation.

In Maputo, the Angolan and Portuguese statesmen attended the inauguration ceremony of Mozambique Head of State, Filipe Nyusi, who was re-elected for constitutionally-mandated second term, ahead of the Portuguese Speaking African country. The expectations of the Portuguese business community includes the country's economic agenda, with stress to the privatisation process of Angolan state-owned firms, Augusto Santos Silva said.

According to him, the governments of two countries enjoy strong relations based on contacts between the Ministries of Finance of Angola and Portugal, highlighting the two tax administrations. The meeting was also attended by Manuel Augusto, the Foreign Affairs Minister, who explained that in addition to the interest in privatisations of Angolan companies, there is also another visible sector that is linked to the decrease of Portuguese exports to Angola.

The appeal of the government of Angola to Portuguese businesspeople is to focus more on production rather than exports has been positive, said the top diplomat.


TRENDING

OPINION / BLOG / INTERVIEW

China: A savior for emerging markets or a poison pill?

... ...

Future of Urban Planning: Artificial Intelligence guiding the way

Advances in emerging technologies like Artificial Intelligence and Machine Learning can help us understand our cities better and derive useful insights from real-time data collected through automated models....

Videos

Latest News

Maha: Man held for harassing women staffers of RTO Thane

A man has been arrested forallegedly harassing women employees of the Regional TransportOffice RTO in Maharashtras Thane city, police said onFriday.The police on Wednesday nabbed Sharad Dhumal undersection 509 word, gesture or act intended ...

PM seeks to dispel fears over Covid vaccine

Prime Minister Narendra Modi on Friday sought to dispel fears and misconceptions over the efficacy and safety of Covid vaccines in an interaction with health workers in Varanasi, his Lok Sabha constituency.When doctors and health workers gi...

Hong Kong stocks fall as China's composite index slips when global rally pauses

Hong Kong stocks ended lower on Friday, the biggest daily percentage drop since Nov. 30, as investors locked in gains following recent strength and Chinas composite stock index slipped amid a breather in the global rally.At the close of tra...

Kenya: Government seeks fund worth $4.55 b for crude commercialization

For the development of pipelines, storage, and central processing facilities to the coast from Lokichar along with the up-gradation of refineries in Mombasa and Lamu Kenya is seeking investment worth 4.55 b KSh599 b, said H.E. John Munyes, ...

Give Feedback