ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Thu, 23 May 2019 18:51 - Updated Thu, 23 May 2019 18:51

FAO supports implementation of AgrInvest in Angola

Luanda - The United Nations Food and Agriculture Organisation (FAO) will begin implementing an investment programme called "AgrInvest" in Angola this year to identify investment chains.

Send by email

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

Correct

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

This was said Thursday in Luanda by FAO sub-regional director for Southern Africa, Felix Onibon.

The FAO official said this during a meeting with heads of the Ministry of Commerce, which addressed issues related to value chains, agro-business and financing.

He said the programme is a global initiative to support the promotion of sustainable private and public-private sector investment in agriculture.

The move is intended to encourage the creation of regulatory and institutional policies and conditions conducive to private investment in agro-food systems.

Felix Onibon acknowledged the importance of creating a conducive environment for sustainable investment in the context of the economic diversification and achieving the goals of sustainable development, eradicating poverty and hunger.

He expressed  FAO’s availability to support for the Government of Angola in dealing with the issues related to the initiative.

The Investors, he said, tend to view agriculture as a risk, especially at the primary level of production.

Therefore, the official said, AgrInvest focuses on solution to the risks of this investment by creating platforms for dialogue between public and private value chain actors, to reduce the risks of the sector, by guaranteeing and sharing financial products.
 

According to him, the implementation of the project follows the interest of Angola in economic diversification and enhancing the national production.
 

AgrInvest aims to develop functional capacities of institutions, actors in the value chain and local products.

Tags Investimentos  

Read also
  • 21/05/2019 11:24:36

    World Bank assists Angola's private sector

    Lubango - The World Bank intends to increase its financing to Angola?s private sector during the period 2020-2025 to boost the country?s economy diversification, said on Monday, in southern Huila province, the representative of the institution in Angola, Olivier Lambert.

  • 20/02/2019 19:01:59

    British Fund provides USD 700 million for investment in Angola

    Luanda - The British Government's Capital Expenditure Fund has USD 700 million to invest in several domains in Angola, said the chairperson of the Angola- United Kingdom Chamber of Commerce, Bráulio de Brito.

  • 10/01/2019 12:15:32

    Chinese want to invest USD 10 billion in Angola

    Lubango - Chinese investors have available US $ 10 billion to invest in the fields of industry, agriculture and scientific research said Wednesday in Lubango, Huíla province, the minister- counsellor of the Chinese embassy , Li Bin.