Angola: President Lourenço is seeking to reduce the country’s dependence on oil, which accounts for about 50% of GDP, 70% of government revenue and over 90% of exports. Reliance on oil demand from China increases the risk of economic instability.
An arial view of the Luanda-Bengo Special Economic Zone. Photo supplied.
Agricultural partnerships between the state and private sector are crucial to diversifying Angola’s economy away from oil dependence, Manuel Francisco Pedro, chairman of the Luanda/Bengo Special Economic Zone , tells The Africa Report. More than 80% of Angola’s agricultural produce comes from small farmers. Diversification can be accelerated by reducing thefor farming, Pedro says. Small-scale farmers find it difficult to get
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Private sector activity falls for 3rd consecutive month due to power cuts, inflation - SABC NewsData released shows private sector economic activity fell for a third consecutive month in May, as rolling power cuts and inflationary pressures continued to weigh on business. loadshedding
Read more »
Water Partnership Office eyes private investment in SA’s water infrastructureWhat the Independent Power Producers Office did for renewable energy, the WPO wants to do for water
Read more »
Nutella maker taps private debt market for over $1bnItalian confectioner FerreroSpA raised more than $1 billion in dollar-equivalent high-grade private debt to refinance part of its bank loans. Moneyweb Nutella
Read more »
D-Day for Billy Downer and Karyn Maughan in Zuma private prosecutionFormer president Jacob Zuma’s lawyers argue advocate Billy Downer contravened the NPA Act, which carries a penalty of up to 15 years' imprisonment.
Read more »
SA farming hobbled by power cuts, poor roadsSouth Africa’s agriculture has had great consecutive seasons since 2019/20. The sector’s gross value added grew by 14.9% in 2020, 8.8% in 2021 and modestly by 0.3% in 2022. Moneyweb Agriculture
Read more »