Angola Press Agency (Luanda)

Angola: AFDB Wants to Finance Productive Sector

15 February 2013

Luanda — The African Development Bank (AfDB) has made available about USD 30 million to invest in the agricultural sector in Angola, said Friday in Luanda the representative of the continental institution.

Speaking at the end of an audience granted by the Vice-President of the Republic, Manuel Vicente, the resident representative of AfDB, Septime Martin, spoke of possibility to negotiate a project in the agriculture field estimated at USD 30 million.

He stressed that his institution has already engaged about USD 20 million in agricultural projects in locality of Bom Jesus (Luanda) and Calenga (Huambo), as well as water and sanitation project in Sumbe (Kwanza Sul).

According to him, the resources can be made available depending on performance and absorptive capacity of each country, stressing that "there is no shortage of resources."

Septime Martin stated that the prospects for cooperation are good because Angola is currently a very dynamic country, playing an important role in the southern region and the continent.

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