Angola due to set up a regulating body for agri-livestock activities

12 April 2012

The Angolan government plans to set up a regulating body for the agri-livestock sector in 2013, as part of the Integrated Programme to Fight Famine and Poverty, Angolan news agency Angop reported Wednesday in Luanda.

Citing a document from the commission responsible for execution of the programme, the agency said that the regulator, which would be known as the Regulatory Unit for Agri-Livestock Production (URPAP), would be established by presidential decree and have a special legal status.

According to the document URPAP, amongst other duties, will inspect and regulate the activities of companies in the sector, the sale of surplus agri-livestock products as well as the stability of the market in terms of supply and demand.

The new institutions will also be tasked with managing the State’s food reserves, intervention in situations of natural disaster or food crises, as well as funds for sale and guarantee of minimum benchmark prices.

The Programme to Fight Famine and Poverty, which has been in place since 2010, also outlines the creation of 5,000 micro companies across the country, building social facilities in the education, health, housing, agricultural, water supply, and sports sectors. (macauhub)