ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » News » Economy

Tue, 12 Dec 2017 12:57 - Updated Tue, 12 Dec 2017 12:57

Over AKZ 7 billion financial agreement for agriculture approved

Luanda - More than seven billion kwanzas is the amount approved for the agreement between the Ministry of Finance and the International Business Bank (BNI), to acquire means and equipment for the agricultural 2017/2018 agricultural campaign, ANGOP has learnt.

Send by email

To share this news by email, fill out the information below and click Send


To report errors in the texts of articles published, fill out the information below and click Send

According to the Presidential Order, published in the Statel Gazette on December 7, the funding aims to boost the economic and social development of the country through the re-launch of agriculture.

The diploma, signed by the President of the Republic, João Lourenço, is already in force, and it authorizes the Minister of Finance to conclude this financing agreement.

The agricultural 2017/2018 agricultural campaign was opened in October this year by President João Lourenço, in the municipality of Cachiungo, central Huambo Province.

According to projections of the Ministry of Agriculture and Forestry, it is expected from the agricultural campaign to produce 2.5 million tonnes of cereals throughout the country.

Tags Finances  

Read also
  • 01/12/2017 10:23:04

    Only eight percent of real estate registered with Tax System

    Luanda - Only 358,720 properties, representing 8 percent of 4.4 million taxable real estate, are currently registered with the Property Tax System despite there being an increasing trend of voluntary registration.

  • 30/11/2017 11:12:49

    Property Tax yields over AKZ 27,000 billion

    Luanda - Over 27 billion kwanzas were yielded for the state’s coffer, in the past ten months, through the collection of Property Tax, representing a one percent increase in relation to the similar period of the year 2016.

  • 19/11/2017 12:57:06

    National Treasury director arrested

    Luanda - Angola’s Ministry of Finance confirmed Saturday the arrest on Friday of the National Treasury Director, Edson Augusto dos Santos Vaz, by the Criminal Investigation Service (SIC).