Petroleum Put to the Test at International Luanda Fair 2018 in Angola

Industry and petroleum, the main source of revenues for Angola, play the leading roles today at the fourth day of the 34th Luanda International Fair (Filda 2018) which closes on Saturday.

This Friday at the fair grounds of the Special Economic Zone of Luanda-Bengo, participants will evaluate the role and challenges of the business promotion to diversify the economy.

The president of the Management Council of the Sovereign Fund of Angola, Carlos Alberto Lopes, affirmed the eve that the national economy’s reactivation will have a good ending.

This is going to impact in the balance of payments because Angola will have enough yields in foreign currencies to supply the needs of imports for the own industrial development, he stressed.

During this third day of the Fair, several government officials explained the economic strategy which includes imports substitution, promotion of exports and reduction of the specific weight of oil in the State’s revenues.

Over 370 exhibitors of 16 countries, including Cuba and Uruguay, show their products and services with daily visitors around the six thousand.

Meanwhile, governor of the National Bank of Angola, Jose de Lima Massano, said the institution will continue to stimulate the productive capacity of the country.

Source: http://www.plenglish.com/index.php?o=rn&id=30960&SEO=petroleum-put-to-the-test-at-international-luanda-fair

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