Ver Angola


Executive will provide around 3.1 billion to the agricultural sector over the next five years

The agricultural sector will have an investment of around 3.1 billion dollars over the next five years (2023/2027). The amount will be provided by the Executive and aims to promote livestock, fisheries and agriculture.


The announcement was made by Mário Augusto Caetano, Minister of Economy and Planning, this Thursday, on the sidelines of a debate on the development of Angola.

According to the minister, quoted by Angop, the Development Bank of Angola will spend 300 million dollars for fishing and livestock. In addition, the private domain will have an equal amount to assist in the variation of the economic sector.

Mário Augusto also said that the Government's objective is to see the country as one of the largest agricultural producers on the African continent, as there are several comparative advantages such as low population density, arable land, favorable climatic conditions as well as abundant water resources.

He also said that he believed that within five years, Angola could "be on the list of the main grain producers", namely maize, soy, wheat and rice, with maize and soy comprising 95 percent of the ingredients in animal feed.

Still in terms of investment, he said that they will "count on public investments that will guarantee infrastructure and access so that the producer can have access to the internal market, whether for suppliers or processing, industries and external markets", he said.


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