Government of Angola closes National Agricultural Mechanisation Company

17 May 2018

Angola’s National Agricultural Mechanisation Company (Mecanagro) will be closed in the next few days because its continuity has been considered “unfeasible,” Angolan Agriculture and Forestry Minister Marcos Nhunga announced on Tuesday in Malanje.

The minister added that the decision was the result of an evaluation carried out by the ministry’s services of some troubled agricultural sector companies, but did not reveal if there are others that will also be closed, according to the Angop news agency.

Focused on the provision of mechanised land preparation services, farming, opening of tertiary roads and rural engineering works, Mecanagro was created by the Angolan government in January 2001.

The minister spoke at the opening of the 2nd Technical Council of the Institute of Agrarian Development, attended over two days by representatives of the Ministry of Agriculture and Forestry, representatives of non-governmental organisations involved in the promotion of family agriculture and social partners.

The Angolan government has recently announced that it intends to sell the entire capital of 74 companies in the medium term, most of which operate in the industrial sector.

The privatisation of public enterprises that, in practice, are a “dead weight for the State,” is a governance priority of the President of the Republic, João Lourenço. (macauhub)