In a recent Conference of Heads of State and Governments of the Community of Portuguese Speaking Countries (CPLP), Angola’s President, João Lourenço, called for the creation of an investment bank for the community to thrive in its commitment to growth and development.

President Lourenço, in his address, explained the necessity to come up with creative avenues of meeting the needs and expectations of the community, despite the crisis caused by Covid-19 which harmed the economy of different countries.

He gave his backing to speed up and innovative solutions to enhance the business potential of the economic sectors of respective states within the community via the promotion of national production and exports.

President Lourenço further spoke of the need to attract foreign investments to the economy of community countries by exploring the opportunities each State’s resources provide to generate jobs and bring common advantage benefits.

According to him, the creation of a potential bank will help achieve the objective of building the community as a new economic and business pillar. He highlighted that the countries of the community have great industrial, agriculture and livestock, fishing and touristic potential, many still to explore which deserves the attention to be transformed into real wealth.