Angola expected to produce 50 pct of its annual egg consumption in 2015

22 October 2012

Angola is expected to produce 50 percent of the eggs it consumes every year by 2015, which is double its current level of production, said the country’s Economy Minister, Abraão Gourgel, at the end of a working visit to the Viana municipality, in Luanda.

According to the minister, who visited some egg and chicken production centres, as of April 2013 the sector is expected to be producing 1 million eggs a day.

The minister said that in order to achieve production of 50 percent of national consumption by 2015, the government had approved a number of institutional support and encouragement measures. These include the Angola Invest credit line, which takes into consideration the guarantees the programme offers to poultry producers to access loans with a view to expanding production and attracting new investors.

Gourgel noted that of the 12.5 billion kwanzas available from that credit line, 2.5 billion were for subsidising interest rates and 100 million kwanzas were for loan guarantees.

The minister said that by the end of the year the programme would receive 10 million kwanzas for loan guarantees and another 2.5 billion kwanzas for interest rate subsidisation. (macauhub)