Angola announced plans to produce over 6 million tons of grain by 2027

Published 2022년 12월 14일

Tridge summary

Angola is planning to increase its grain production to more than six million tonnes by 2027, with an average annual investment of 670 million dollars. The country, which produced over three million tons of grains in 2021, aims to reach five million tons of cereals production by 2027, with an additional million tons from leguminous crops. The government plans to allocate 471 million dollars annually for infrastructure development. The National Plan for the Promotion of Grain Production, PlanaGrão, also includes the demarcation of two million hectares for grain production and investment in capitalizing banks to finance the national private sector for grain production.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Angola wants to produce more than six million tonnes of grains by 2027, forecasting an average annual investment of 670 million dollars to produce wheat, rice, soybeans and maize, the government announced this Tuesday. According to the Secretary of State for the Economy, Ivan Marques dos Santos, who this Tuesday presented the National Plan for the Promotion of Grain Production, PlanaGrão, in addition to investment in production, another 471 million dollars will be made available annually for construction and rehabilitation of infrastructure to support the productive and social sector. In 2021, Angola produced more than three million tons of grains, and by 2027, production is expected to reach five million tons of cereals, to which another million tons of grains from selected leguminous crops should be added, said the official, quoted in a communiqué from the Ministry of Economy and Planning. To materialize the plan, public and private funds will be mobilized, including an ...

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