Angola must open up to investment to diversify the economy – news

The president of the Clube de Empresários França-Angola (CEFA), Hugo Teles, pointed out the need for the country to continue opening up to foreign investment to strengthen the process of economic diversification

Speaking on the sidelines of a “Beaujolais Nouveau” cultural event, which aimed to promote a good business environment between Angola and France, he considered it necessary to produce food quickly so that the economy no longer depends on oil and diamond production.

In Luanda, CEFA shared with the Angolan community a French tradition that marks the arrival of the “Beaujolais Nouveau” era, with the participation of the French diplomatic representation in Angola, Sonangol and Total Energies.

“There needs to be this exchange, this is the path, Angola has to open up to investment”, pointed out Hugo Teles, for whom opening doors to everyone makes it much easier to make the country grow. Hugo Teles, who is also the president of the Executive Committee of Banco BIC, recalled that France, along with the oil and petrochemical industry, has a strong history in agriculture, livestock and the textile industry that can be put to good use for the diversification of the national economy .

He noted that, with the creation of CEFA, the conditions are in place for French companies to be able to invest increasingly more in Angola. “The objective is always to bring new know-how and exchange from one side or the other”, he maintained. He stated that the results of this partnership between French and Angolan businesspeople are already visible and satisfactory.

“CEFA started with a dozen members and today it attracts a lot of people (national and foreign businesspeople), constituting a privileged space for networking (sharing information or services between people, companies or groups).

For you, CEFA’s work is similar to that of a Chamber of Commerce and Industry. Hugo Teles reported that there are many French companies operating in Angola with extensive experience, such as Total and beyond, because they all work to make the business flow and, at the same time, train people and grant scholarships and training. onjob for companies. He emphasized that Sonangol, a founding member of CEFA, has been a constant partner over the years.

For his part, the president of the Board of Directors of Sonangol-EP, Sebastião Gaspar Martins, highlighted that the creation of CEFA is a way of promoting the national economy. For him, with improved relations between French and Angolan businesspeople, business and the Angolan economy benefit.

“The tendency is for CEFA to increase the number of its members, not only French companies, but Angolan companies have also been part of the Club and it is with this intention that business is done with mutual benefits”, he expressed.

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