Angola: New agricultural investment programme launched in 2011

Apr 12, 2011

A programme to boost investment in the agricultural sector of Angola will be introduced in 2011, the Development bank of Angola (BDA) has announced.

Developed by the country's government, it has been designed to help national entrepreneurs putting money into the market.

Joao Cunha, a BDA representative, told Angop news agency on Thursday (April 7th) that the bank is awaiting final approval from the authorities to launch the scheme.

The main objective of this programme is to reduce poverty in Angola by boosting the agricultural sector's growth.

This new announcement follows the introduction of the Entrepreneurship development scheme in Angola, by finance minister Abraão Gourgel, on last Tuesday.

It will put an emphasis on activities of the first sector such as agriculture, Le Griot newspaper reports.

The government wishes to help small and medium businesses to obtain credit and promote professional training in large companies.