French Development Agency supports commercial agriculture in Angola

29 May 2018

The French Development Agency has granted funding of €79 million to Angola to support the agricultural sector in the country, namely a commercial agriculture development project, and the respective agreement was approved by order of President João Lourenço.

The French government has already announced that it has credit lines open to Angola worth €250 million, with the French Development Agency already paying out €150 million for water supply projects, in addition to this new plan for the agricultural sector, following a process to identify new objectives.

The President of Angola chose France for his first official European visit, which began on Monday and is due to end on 30 May and then to Belgium (4 and 5 June) after having previously visited several African countries, including South Africa, Democratic Republic of Congo, Zambia and Namibia since he was sworn in as the third President of the Republic of Angola in September 2017.

The two presidents, João Lourenço and Emmanuel Macron, on Monday signed a Presidential Declaration on strategic cooperation between the two countries, which contains the essential lines of bilateral cooperation until 2022, according to the Minister of Foreign Affairs of Angola, Manuel Augusto. (macauhub)