Sovereign Fund of Angola supports social projects in seven provinces

21 January 2016

The Angola Sovereign Fund for Development (FSDEA) is financing 10 projects in health, education, water supply and entrepreneurship in the provinces of Cabinda, Bengo, Huambo, Bié, Cunene, Benguela and Kwanza Norte valued at US$12 million.

The Director of the FSDEA funded African Foundation for Innovation (FAI), Carlos Figueiredo, said that about 3,000 farming households and 15 micro and small businesses are being formed by the FAI to supply essential goods and services to communities, in partnership with the FSDEA.

Figueiredo said in Luanda that agricultural rural, economic, healthcare, education, sanitation and water development were the priority areas to be supported by FSDEA in order to find sustainable solutions for a better future for Angolans.

As oat of the FAI’s actions the “Kijinga” programme has also been launched, aimed at the reconstruction of the old “Super” soap factory. (macauhub/AO)