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Angola has US$300M Available for Farming Sector

Angola has US$300M Available for Farming Sector

The Angolan government has US$300 million available to fund the country´s farming sector until 2025, the secretary of State for Agriculture and Livestock, João Cunha, announced last week in Luanda.

Talking to the press at the opening session of the first edition of the Luanda Agricultural and Livestock Fair that is taking place from 21 to 23 October in the capital city of the country, the official assured that its foreseen the availability of 100 million US dollars annually out of the total financing amount.

“We are assisting the farming sector, in order to overcome some of the difficulties that the sector has been going through. Around US$ 300 million is available and will be made available to our producers”, he disclosed.

According to the secretary of State, this investment will enable to boost national production of livestock products.

Due to that, João Cunha expects there to be a major commitment in order for farmers to improve the quality and quantity of farming products to be exhibited on the market.

The official mentioned that the government’s objective is to reduce meat imports in the near future, focusing on local production, which must be based on technical and scientific knowledge.

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The event, which has the participation of around 50 exhibitors, at the first edition of the Luanda Agricultural and Livestock Fair on genetics, nutrition and health, is displaying goats, cattle, pigs, poultry, as well as tractors and various machines.

Further Africa

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