Africa-Press – Angola. Three billion, 352 million, 240 thousand and 136 kwanzas have been made available since 2020, by the Development Bank of Angola (BDA) to finance 80 projects, linked to the Production Support Program for Export Diversification and Import Substitution (PRODESI ), in the province of Cunene.
The information was provided this Wednesday by the director of the Office for the Economic and Integrated Development of Cunene, Felisberto Hisimungula, stating that of the projects financed, 53 are from the Credit Support Program (PAC), 26 from the Economic Relief and one of Notice 10.
He clarified that, at PAC level, 70 projects were approved, of which 53 were disbursed and the remaining 17 were awaiting liquidity from the BDA.
He mentioned that of the projects, 39 are focused on agricultural production, 20 on commerce and distribution, 16 on livestock farming, two on fishing and the same number on industry and one on hotels and tourism.
Along with PRODESI, the official added that, within the scope of economic diversification, the province has a line of financing from the Agrarian Development Support Fund (FADA), for the benefit of producers located on the Cafu canal.
He said that the action is in partnership with Investe Agro, in order to obtain financing and agricultural support for peasants, where 20 projects were forwarded and are awaiting financing.
Felisberto Hisimungula highlighted that the intention is to make agricultural cooperatives produce more and more, causing imports to reduce significantly, as well as increasing employability and income generation for families.
Approved by Presidential Decree No. 169/18 of 20 July, PRODESI is an executive program to accelerate the diversification of national production and generation of wealth, in a set of productions with greater potential for generating export value and import substitution .
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