Luanda — Czech Republic will spend USD 100 million to fund agriculture and livestock projects in Angola, said the State Secretary for Forestry Resources of Agriculture Ministry, André de Jesus Moda.
André Mota said that the funding will allow the emerging of more projects that will contribute to development of the agricultural sector in Angola.
Addressing "Business opportunity investment forum: ahead of the Czech's mission to Angola", the official said that the Angolan Executive is working on creation of factories to manufacture fertilizers, pesticides, and other products to ensure low cost production and productivity of livestock.
Angola has natural resources available at its soil, climate, water. The country needs technologies, know-how and investments, mainly in the primary sector of grain production (corn, soybeans, rice, beans), production of chickens, eggs, milk, beef, goats and pigs.
Angola and Czech Republic signed a declaration on bilateral relations in December 1999.
In 2006, the then Angolan Foreign minister João Miranda and counterpart Czech minister Cyril Svoboda signed a Memo and Development Cooperation Programme.