The United States Agency for International Development (USAID), in partnership with multinational oil company Chevron, is to grant US$5.5 million to the Angolan government to support agricultural development in the country.
Chevron is a major player in Angola's oil industry.
The money for the Programme for Agricultural and Financial Development (PDAF) will be handed over in portions over the next five years. US ambassador to Angola, Cynthia Efird, said it “well help to improve the life of rural populations through an increase in economic opportunities,” while allowing Angola to generate diversified growth in the financial and agricultural sectors.
The PDAF, also called “ProAgro Angola,” aims to increase access to financing for the agricultural sector, easing the way for links between the government and the private sector along the entire agricultural production chain.
The provinces chosen for implementation of the program are Benguela, Kwanza Sul, Bengo, Luanda, Huila and Huambo, and the main products are bananas, coffee, potatoes and vegetables.
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March 06, 2007
USAID, Chevron to fund agriculture in Angola
Categories Angola, banana, coffee, potato, vegetables
