Notice No. 07/2019 of October 7

PUBLISHED IN THE OFFICIAL GAZETTE, FIRST SERIES, NO. 131, OF OCTOBER 7, 2019 NOTICE NO. 07/2019 SUBJECT: CREDIT CONCESSION TO THE REAL SECTOR OF THE ECONOMY

• Amendment of the wording of Article 1 of Notice No. 4/2019, dated April 3
• Revocation of paragraph 3 of Article 5 of Notice No. 4/2019, dated April 3
  Whereas it is necessary to expand the range of national products considered essential, whose domestic production still does not satisfy internal demand, as well as to promote export volumes and reduce imports; Pursuant to the combined provisions of subparagraphs (d) and (f) of paragraph 1 of Article 21, and subparagraph (d) of paragraph 1 of Article 51, both of Law No. 16/2010, dated July 15 – National Bank of Angola Law. IT IS HEREBY DETERMINED:
  Article 1 (Amendment of the wording of Article 1 of Notice No. 4/2019, dated April 3)
  Article 1 of Notice No. 4/2019, dated April 3, is amended to read as follows:
  “Article 1 (Scope)

1. This Notice applies to the concession of credit by Banking Financial Institutions for the production of essential goods that exhibit deficits in national supply.
2. For the purposes of this Notice, the following goods are eligible:
   a) Broiler and laying poultry farming, and the production of their derivatives; b) Cattle farming, goat farming, pig farming, and the production of their derivatives; c) Rice cultivation and the production of its derivatives; d) Sugarcane cultivation and the production of its derivatives; e) Bean cultivation and the production of its derivatives; f) Root and tuber cultivation and the production of their derivatives; g) Maize cultivation and the production of its derivatives; h) Soybean cultivation and the production of its derivatives; i) Milk and the production of its derivatives; j) Cooking oil; k) Fish and the production of its derivatives; l) Blue soap; m) Common salt; n) Coffee cultivation and the production of its derivatives; o) Timber cultivation and the production of its derivatives; p) Tropical fruit cultivation and the production of its derivatives; and q) Palm cultivation and the production of its derivatives.
3. For the purposes of producing the essential goods and/or derivatives referred to in the preceding paragraph, investment operations inherent to those activities are considered, including the acquisition of technology, machinery, equipment, and know-how.”
   Article 2 (Revocation)
   The provisions of Article 1 and paragraph 3 of Article 5 of Notice No. 4/2019, dated April 3, are hereby revoked.
   Article 3 (Interpretation and Omissions)
   Doubts and omissions arising from the interpretation and application of this Notice shall be resolved by the National Bank of Angola.
   Article 4 (Entry into Force)
   This Notice enters into force on the date of its publication.
   PUBLISHED.
   Luanda, September 30, 2019.
   THE GOVERNOR
   JOSÉ DE LIMA MASSANO