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Support for agriculture: AfDB prepares $100 million for Angola

12/06/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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With the aim of financing family farming in Angola in 2025, with a priority for the Southern region, the African Development Bank (AfDB) is preparing an envelope of 100 million US dollars.

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Le financement prévu par la BAD pour l' agriculture familiale en Angola aura a priority to strengthen the southern region affected by the drought, as well as Cuanza Sul, where the problem of hunger and drought is also present, according to the representative of African Development Bank in Angola and São Tomé and Príncipe, Pietro Toigo. The latter indicates that this amount is an added value, as it will allow farmers to be able to produce in large quantities for regular consumption. Also, the same amount would also be used to support the water and sanitation sector, as well as sustainable urbanization, mainly in coastal cities in Angola.

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