Luanda — French president François Hollande expressed conviction that Angola will manage to overcome the challenge amid the fall in oil prices at the world market which also impact the Angolan economy.
The French Statesman said that there is a tendency of the oil price to increase, given the “important reserves in Angola”.
François Hollande was speaking at the beginning of the Angola-France economic forum held in Luanda aimed at the strengthening of the partnership between the two countries.
The Head of State said he knows that Angola is committed to diversify its economy to meet the people’s needs.
He said that France trusts the economic future of Angola.
The president noted that France is impressed with the potential of Angola, with 25 million inhabitants and a per capita income of $ 5,000, an increase of more than 4% a year,” he said.
According to president, making the investment in Angola means to convey a message of confidence to the Angolan population and its economy.
As for the partnership in oil activity, the president said that the French Oil firm Total invests USD 2.5 billion a year in Angola, representing 40 percent of production.
The agreement with the Angolan oil firm “Sonangol” will ensure continued progress of investment for many years.
François Hollande also spoke of the need of the Total to diversify its activity in Angola, through the projects linked to natural gas and clean energies.
On the other hand, the head of State spoke of other economic aspects of prominence in France, like transport, tourism, agro-food, water and construction.
In his speech focused on the training of Angolan staff so that there may be a transfer of skills and “know how” technology.
As for financing the infrastructure, François Hollande assured to do the best to ensure that French banks may be in Angola to facilitate the monitoring process of companies and investments in the country.
