Africa News Bulletin

Angola: National Maritime Strategy Foresees a Reduction in Oil Activity

The data were presented yesterday by the national director of the Institute for Sea Affairs, António Silva, during his presentation at the II E&M Conference on Blue Economy, held by the magazine Economia & Mercado, under the motto “National Strategy for the Sea”, in which topics related to security, ecosystems and economic diversification were addressed.

According to statistics presented by António Silva, tourism represented only 3.8 percent in 2020, and should represent the 4.32 percent threshold, but it is the transport and storage sector that should experience the greatest growth in the period in which reference, from 2.1 to 5.0 percent, while the fisheries and derivatives sector should go from 2.7 to 3.6 percent.

The official recalled that the Action Plan was recently approved by the economic commission of the Council of Ministers and was submitted to public consultation, so that its implementation requires only minor adjustments to be made by the multisectoral commission, composed of 14 ministries.

The administrator of the Investment and Export Promotion Agency (Aipex), Nádia dos Santos, informed that in the last 20 years only USD 503 million were invested in marine activity and that from 1992 to the present date USD 10 has been channeled million, with a predominance of fish catches.

The Minister of Economy and Planning, Mário Caetano João, reiterated, in his opening speech, the Executive’s commitment to working with partners in order to allow marine resources and activities to be reversed in the country’s economic growth and consequent improvement in the indices of human development.

Mário Caetano João underlined that the new emerging development paradigm of the blue economy has great potential for a large-scale growth in Angola’s Gross Domestic Product (GDP) and that the seas are sources of economic reserves estimated at around 2.5 billion dollars a year, making it the seventh largest economy, but it is subject to threats with long-term repercussions.

The Angolan government, he recalled, has integrated in its National Development Plan 2018/2022, essentially in axis number II, dedicated to diversified and inclusive Sustainable Economic Development, in the environmental sustainability policy the program for ordering the Marine Space and ecosystem health.

The event on the sea was marked by the presentation of the panels “Angola in the Maritime Context – African and World Port, Opportunities and Challenges”; “National Strategy for the Sea”, “National Strategy for the Sea – Maritime Security, Promotion of the Blue Economy and Private Investment” and “The Role of the Sea Cluster in the Diversification of the Economy”.

Jornal de Angola

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