Farmers should have access to credit, Angolan minister says

8 June 2007

Ondjiva, Angola, 8 June – Angolan farmers should have quick access to retail banking credit in order to boost agricultural activities in Angola, the country’s Agriculture and Rural Development Minister, Afonso Pedro Canga said Wednesday in Ondjiva, Cunene province.

Speaking at the opening of the 31st Widened Consultation Council of his ministry, the minister said that granting loans, with attractive interest rates, would allow farmers to mechanize their activities using modern equipment.

According to Canga cited by Angolan news agency Angop, mechanization of farming will make production more dynamic, which will make it possible to diversify the products grown.

Canga said that credit should be more far-reaching and financial institutions should support, through loans, projects focused on developing the agricultural sector.

Meanwhile, the minister said that the rehabilitation and modernization of irrigated areas was also underway, as well as the construction of new area in potential farming areas.

The Ministry’s 31st Consultation Council, expected to end Saturday, will define strategies and new targets for the country’s farming sector, amongst other issues, such as re-launching coffee production. (macauhub)