World Bank supports small farmers in three Angolan provinces

14 July 2016

The World Bank approved a loan of US$70 million to Angola to “increase production, productivity and agricultural marketing” of small producers in the provinces of Bié, Malanje and Huambo, the World Bank said Wednesday.

The loan will be granted by the International Bank for Reconstruction and Development, part of the World Bank Group and in general will fund the strengthening of the technical, institutional, management and marketing capacity of 150,000 farmers.

“Angola has great agricultural potential, with about 35 million hectares of arable land, of which less than 4 million hectares are currently under cultivation,” said Clara de Sousa, resident representative of the World Bank for Angola and Sao Tome and Principe, in the statement.

Clara de Sousa said the project that has now received funding “is very important to improve the livelihoods of many small-scale poor farmers in the central highlands of Angola, increasing agricultural productivity and coordination with the markets.”

In January of this year the Angolan government launched a programme to promote national production and diversification beyond oil production to curb imports and increase exports, generating other sources of foreign exchange, with agriculture as the main focus. (macauhub/AO)