Africa-Press – Angola. The Production Support, Export Diversification and Import Substitution Program (PRODESI) has, since 2019, enabled the approval of 1,800 projects, 800 more than expected.
With the thousand projects planned for approval, initially, in the period 2019-2022, it was expected to make available 41 billion kwanzas, but with the increase in the number of projects made feasible, the amount reached 71.9 billion kwanzas.
“Initially, the structured project envisaged only 1,000 projects with a global value of 41 billion, however the strong demand for the specific product in terms of enforceability of access to credit and facilitated the adhesion”, informed, this Tuesday, the secretary of State for Economy, Ivan dos Santos.
Of the approved 71.9 billion kwanzas, 61 billion have already been made available.
In terms of activity sector, agriculture leads with 723 approved projects, followed by trade and distribution with 460, livestock with 187 projects, the manufacturing industry sector with 157, fisheries 155, tourism 85, solid and urban waste 32 and textiles and garments only eight projects.
As for the disbursement, to date a total of 45 billion has been made available for Luanda, 13 billion for Benguela, four billion for Uíge, and 600 million for Lunda Sul.
In terms of activity sectors of the projects that benefited from funding, agriculture leads with 413 projects already benefited, commerce and distribution 268 projects, livestock 143, processing industry 106, fisheries 82, tourism 53, solid and urban waste 22 and textiles and clothing only 6 projects disbursed.
During the period in question, 2,071 processes were sent to the Development Bank of Angola (BDA).
PRODESI is a program of the Angolan Executive to accelerate the diversification of national production and wealth generation, in a set of productions with greater potential for generating export value and replacing imports, namely in the following sectors: Food and Agro-industry, Resources Minerals, Oil and Natural Gas, Forestry, Textiles, Clothing and Footwear, Construction and Public Works, Information Technologies and Telecommunications, Health, Education, Training and Scientific Research, Tourism and Leisure.
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