Angola: Banco de Desenvolvimento extends financing options to cattle and poultry farming

24 January 2008

Luanda, Angola, 24 Jan – Angolan bank, Banco de Desenvolvimento de Angola (BDA) this year is to fund projects linked to manioc production and cattle and poultry breeding, one of the bank’s directors, Amândio Esteves said Wednesday in Luanda.

According to Angolan news agency Angop, at the end of a working meeting on the credit process, Esteves told journalists that the BDA’s incentive for beef cattle farming would cover the provinces of Kwanza Norte, huíla, Cunene and Kwanza Sul.

The provinces of Lunda Norte and Lunda Sul, Malanje, Moxico and Kuando Kubango will be encouraged in the sector of goat farming, and manioc production will essentially receive financing in the north and east of the country.

The BDA was set up in 2006 and finances projects linked to the production chains of maize, beans, cotton and construction materials. For the production chain of maize and beans, in 2007 funding covered the provinces of Bengo, Benguela, Bié, Huambo, Huíla and Kwanza-Sul.

This year (2008), Malanje province is one of those selected to benefit from production chain financing. (macauhub)