Luanda – At least 1,800 projects have been approved since 2019, under the Production Support, Export Diversification and Import Substitution Programme (PRODESI), 800 more than expected.
With the 1000 projects initially planned for 2019-2022 period, 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, the secretary of State for Economy, Ivan dos Santos, said Tuesday.
Of the amount of 71.9 billion kwanzas approved, 61 billion has already been made available, the official added.
In terms of the sector 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 went to Luanda, 13 billion for Benguela, 4 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 said period, 2,071 processes were sent to the Development Bank of Angola (BDA).
PRODESI is a programme of the Angolan Executive aimed at ensuring the swift diversification of national production and wealth generation.
Source: Angola Press News Agency