Entrepreneurs invest in tax incentives to fight regional asymmetries

Malanje – The chairperson of the Angolan Industrial Association (AIA), Jose Severino, defended Tuesday a greater tax incentive for entrepreneurs investing in provinces off the coast, to expand agro-industrial investments in these regions and to fight regional asymmetries.

Speaking on the sidelines of the First Consultative Council of the Ministry of Industry, Jose Severino said that it is fundamental to reverse the current tendency in which a large part of the industrial sector investments are located in the provinces of Luanda and Benguela, which are located on the coast.

From an industrial point of view, this tendency is contrary to the process of industrialization that is underway in the country and, consequently, its contribution to the strengthening of the national economy.

AIA chairperson stressed that there is great potential in the regions concerned but there is still a need for greater coordination between the government and the private sector, in order to overcome the difficulties investors in these parts of the country face in installing their projects.

Source: Angola Press News Agency