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Government plans to finance 500 tractors for farmers - president


Thu, 15 Oct 2020 16:22 - Updated Fri, 16 Oct 2020 09:33

Luanda - Angolan President João Lourenço has announced his Government plans to pay the first 500 tractors from the new assembly industry, opened on 14 October this year, in Viana (Luanda).


João Lourenço announced so at the National Assembly on Thursday.

Delivering his speech on the State of the Nation at the National Assembly, he said that the tractors will be delivered to peasant families throughout the national territory.

More than 90% of the country's agricultural production is performed by this class (peasants), who mostly still use hoes and machetes.

The President of the Republic inaugurated Wednesday a factory for the assembly of agricultural tractors installed in the Special Economic Zone (ZEE), in the municipality of Viana, in Luanda.
 

The industry has the capacity to produce three thousand units per year. It is a tractor assembly unit resulting from an agreement between Angola and the United Arab Emirates (UAE), an investment of USD 65 million.

The factory unit, the first of its kind in the country, started assembling tractors in the first half of the current year, with more than 80 percent of its workforce being Angolans.

The plant was implemented in partnership with the Agency for Private Investment and Export Promotion (AIPEX) and the Ministries of Industry and Commerce and the Economy and Planning and the collaboration of the multinational Massey Ferguson, specialised in the manufacture of agricultural tractors.