Luanda: The Development Bank of Angola (BDA) has disbursed a total of 55 billion kwanzas this year to finalize the financing of existing projects, with a particular focus on agriculture and livestock sectors, as stated by the bank's CEO Joo Quintas on Tuesday.
According to Angola Press News Agency, Quintas made these remarks following the signing of a memorandum of understanding between the BDA and the Agricultural Development Support Fund (FADA). He highlighted that the BDA initiated a recapitalization process in 2025 aimed at assisting projects where disbursements had not yet been completed.
Quintas further noted that the BDA plans to resume financing within its liquidity capacity by 2026 to support productive sectors such as agriculture, livestock, and fishing. The BDA, a public financial institution established by Decree No. 37/06 of the Council of Ministers on July 7, 2006, aims to promote sustained economic growth in Angola.
The bank's objectives include increasing national wealth, improving the population's well-being, and strengthening the country's economy. As a crucial instrument for financing national economic development, the BDA aligns its activities with the government's economic and social development program and the long-term national development strategy.
In addition to supporting public sector projects of national interest, the BDA primarily encourages private initiative. Its actions focus on promoting the acquisition of goods and equipment, empowering companies, and facilitating access to new technologies necessary for developing enterprises of various sizes in the productive sector.
