Luanda: The Angolan Sovereign Fund (FSDEA) reaffirmed on Friday its commitment to supporting the country’s food production initiatives, which aim to reduce external dependence and boost national production capacity. Igor Lima, FSDEA administrator, highlighted the production of animal protein (chicken and pork) and plant products (avocados, sugarcane, and others) as key initiatives to generate employment opportunities and reduce dependence on imports.
According to Angola Press News Agency, Lima emphasized the importance of investing in agricultural production, as dependence on imported products is one of the main problems. He said that the biggest problem for food security in the country is its dependence on imports. He stressed that Angola has focused on mineral resources, such as oil, for a long time rather than investing in agricultural production. This resulted in food imports reaching 85 billion U.S. dollars by 2023.
The Fund reaffirms its role as a long-term strategic partner by promoting projects that
contribute to economic diversification and sustainability in line with Angola’s and Africa’s development objectives.
