Yesterday it was announced the launch of a new project for the development of agriculture in the country. According to the Angola Ministry of Agriculture and Forestry, the project aims to increase market access and productivity for individual beneficiaries in the project areas.
The Commercial Agriculture Development Project (PDAC) will be supported by the World Bank (WB) and the French Development Agency (AFD). Both organizations have already signed all the necessary funding documents.
According to official data, the specific objectives of these projects are to help to improve the process of generating revenues, diversifying the economy and increasing the levels and qualities of sustainable agricultural business.
Based on the algorithm for calculating the value added of such products as corn, beans, coffee and soybeans, the PDAC reported on the optimal solution for value added goods.
This large-scale project is planned to be implemented in two consecutive stages. The first will take place in such regions as: Malanje, Cuanza Norte and Cuanza Sul. Then second part will include the provinces of Huambo, Bié, Uíge, Bengo, Benguela, Luanda and Huíla.
The primary goal of the project is to achieve sustainable development using three factors: infrastructures for production and marketing, promotion and support for the development of agribusiness, institutional strengthening and improvement of the business environment.
According to analysts it is assumed that this program will produce about 21 tons of various agricultural products, like cereals and tubers. According to the documentation signed by all participating organizations and donors of this project the Commercial Agriculture Development Project is designed for 6 years.