Angolan head of State João Lourenço Friday recommended the members of the Executive greater speed in economic diversification process, stressing the need to increase the production in non-oil sector.
In his speech, delivered at the swearing in ceremony of the new Minister of State for Economic Coordination, José de Lima Massano, the Statesman also spoke of the need to processing of the several mineral resources.
As for various mineral resources in the country, João Lourenço considered the importance of processing them. And manufacturing of a set of goods for the people’s living standards.
“We need to address a set of goods to meet not only the economy, but also for citizens who, somehow, end up being affected”, the president told the ceremony attended, among other figures, by the Vice-President of the Republic Esperança da Costa and members of the Economic Team of the Executive.
During the ceremony, João Lourenço recommended, in particular, the new Minister of State, to mobilise the banking sector to finance more the national
economy to ensure development of the country”.
“Everything depends on the country’s health economy”, said the Statesman, who considered the dependence on oil revenues as “the greatest disease of our economy.
José de Lima Massano was governor of the National Bank of Angola (BNA) between October 2010 and January 2015. He was previously chairman of the Executive Committee of the African Investment Bank (BAI).
José Massano holds a Master’s Degree in Management and Auditing from the City University of London and a Degree in Economics from the University of Salford, Manchester, England.
Source: Angola Press News Agency (APNA)