Angola: Finance minister discusses cooperation with Spain

The two interlocutors analysed the cooperation during a meeting held in Madrid, Spain, Angop learnt Wednesday.

During the meeting the Angolan official said that the country is in the process of adapting to a new economic paradigm, asking the Spanish companies for support, the source added.

Archer Mangueira said that Angola relies on Spanish companies to resume the exports of multiple products. “The country needs foreign investment”.

He mentioned, among others, the foreign investment in the sectors of infrastructure, renewable energy, health, new technologies and agri-food.

During the visit, which ended on Tuesday (28), the Minister held meetings with the Secretary of State for Commerce, Maria Poncela, and Banco Bilbao Vizcaya Argentaria (BBVA).

The Angolan minister attended a business meeting in Spain between the two countries, a joint initiative of the Ministry of Commerce, Spanish Agency of Exports and Investments, Spanish Confederation of Business Organisations and Chamber of Commerce of Spain.

Data released by Spanish confederation indicate the existence of 50 Spanish companies working in Angola, the second most important destination for the European country in sub-Saharan Africa.

Source: Angola Press News Agency