Thu, 06 Sep 2018 16:21 - Updated Thu, 06 Sep 2018 19:14
AfDB spends USD 1.5 million on agriculture projects in Cabinda
Cabinda - The African Development Bank (AfDB) will spend in the coming months USD 1.5 million equivalent in the national currency (Kwanza), out of a total sum of USD 123.1 million, to fund the initial phase of Agriculture Value Chains in the northern Cabinda province.
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
Moedas de Euro e Dolar Norte Americano.
Photo: THOMAS COEX
The fact was disclosed by the official of the ADB Agricultural Policy, Philip Boahen, while speaking to the press at the end of a visit to the municipalities of Caconco and Buco-Zau in Cabinda.
Philip Boahen said that the amount will be spent on the agriculture sector works, under the project dubbed " Agricultural Value Chains".
The official asked the Ministries of Finance, Agriculture and Economy of Angola to speed up the financing process.
The Agriculture Value ??Chains project is aimed at integrating peasant families (young people and women) and to organise small and medium-sized enterprises to produce coffee, palm trees, cocoa and cashew.
The initiative also covers the creation of infrastructures for production, conservation, storage, processing and trading of cassava, bananas, sweet potatoes, peanuts and beans.
Philip Boahen, who is being accompanied by Minister of Agriculture and Forestry, Marcos Alexandre Nhunga, visited about 500,000 cocoa, palm and coffee plants in Massabi and Buco-Zau.
Tags Província » Cabinda
- 11/01/2019 17:33:26
Cabinda - Fishermen from the Cabinda and Cacongo municipality seat received Friday seven new boats and 13 outboard engines, in a joint initiative of Chevron and Assoaciated in Bloco 0.
- 19/10/2018 09:50:37
Cabinda - The construction of a refinery in Cabinda, a project announced by the President of the Republic, João Lourenço, and the continuation of the Caio Litoral deepwater port will be a milestone in the province's development and economic and social stability, citizens heard Thursday by Angop said.
- 12/10/2018 18:55:17
Cabinda - The General Tax Administration (AGT) in Cabinda today informed managers of companies and public institutions about the operation of the new technological system to be used in customs procedures, called, Asycuda.
- 08/10/2018 12:17:35
Cabinda - The Angolan Industrial Development Institute (IDIA) takes up as from now on the management of Fútila industrial park in substitution of Benfim Company whose management has been deemed negative.