Angola wants agriculture to grow 5.9% in 2018 and guaranteed agricultural insurance
The Angolan Government is studying the possibility of introducing an obligation for insurance companies to allocate a minimum percentage for agricultural insurance to their respective portfolios as a way of promoting the growth of the sector.
This is one of the measures aimed at increasing non-oil production in the six-month government's mid-term plan to improve the national economy, which should be implemented by the first quarter of 2018.
In the document, the Government estimates a growth of 5.9% in Agriculture during the year 2018, foreseeing "a strong bet in the main ranks", such as cereals, legumes and oilseeds, roots and tubers, meat, coffee, palmar and honey.
"That, to a large extent, are directly linked to the diet of the populations of our country," reads, in the Government's plan to implement until March.
The objective is to boost the non-oil sectors, to increase Angolan revenue and income, with Agriculture as one of the pillars.
To this end, in addition to the measures to increase access to agricultural insurance, the Angolan Government assumes the objective of "accelerating the implementation of the Seed Production Program", aiming at the use of "high quality" seeds as a way to "improve agricultural productivity of crops ", but also" reviewing the entire irrigation management system and infrastructure "to" optimize your income ".
In 2018, the government wants to boost private cotton, sugar cane, sunflower, coffee, palm and cocoa crops, "promoting its linkage with the industrial sector", as well as "reviewing the management system and resizing activities medium and large-scale farms. "
"The sector also foresees a greater dynamism in the business sector, with the emergence of new farms and medium and large-scale farms," the government's six-month interim plan also points out.
Angola faces a deep financial, economic and foreign exchange crisis since the end of 2014, due to the drop in the international price of the barrel of crude oil.
Luanda, 27. November 2017
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