Angolan Agrarian Development Support Fund to promote crop production with US$26.3m financing

ANGOLA – The Agrarian Development Support Fund (FADA) of Angola is set to inject Akz 15 billion (US $26.3million) in this year’s agricultural season to enhance crop production in the country through offering credit to family farmers. The funding will enable the farmers acquire agricultural inputs such as tractors, fertilizers, pesticides, production tools, agricultural seeds, as well as other means to guarantee the development of agriculture in better conditions, reports Angola Press. According to Carlos Fernandes, CEO of FADA, the financing will promote diversification of the economy and reduce imports of various…

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