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Support to the development of commercial agriculture in Angola

Project

Agriculture and Rural Development
angola, agriculture
Project start date
Status

Ongoing

Project end date
Project duration
20 years
AFD financing amount
79 000 000 €
Country and region
Angola
Location
Cuanza Nord, Malanje et Cuanza Sud
Type of financing
Sovereign loan
Partners
World Bank
Beneficiaries
Ministério da Agricultura e da Floresta
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AFD supports Angola in its economic diversification policy with a project aimed at increasing the production and agricultural productivity in the provinces of Cuanza North, Malanje and Cuanza South.

Context

An oil-rich country hit by a recent economic crisis linked to falling commodity prices, Angola is among the most unequal countries in the world. The model of economic development followed in recent decades has reached its limits. In this context, Angola experienced in August 2017 its first change of government in 30 years. The new government has made economic diversification and agricultural development a priority to rebuild the country’s economy and ensure food security. The project aims to increase productivity and market access for individual and organized agricultural enterprises (cooperatives, associations) and small and medium-sized processing or commercial enterprises (Agri-SME).

Description

The project has 4 components:

  1. Promotion and support to the development of access to credit in the agricultural and agri-food sector;
  2. Financing public infrastructure in support of production and marketing;
  3. Institutional strengthening and improvement of non-financial services for stakeholders in the agricultural sectors;
  4. Overall project coordination, monitoring and evaluation.

Impacts

  • Support to increasing agricultural production and productivity in project intervention areas;
  • Organization of local and provincial consultation for the choice of investments to be made;
  • Increased investment in the agricultural sector through improved access to agricultural credit;
  • Rehabilitation of production, processing and marketing infrastructures;
  • Improvement of agricultural production and service conditions by improving the organization of agricultural advisory services and research and innovation development for the sector.