Sat, 30 May 2020 14:35 - Updated Sat, 30 May 2020 14:35
Minister of State highlights cash transfer role
Nzeto- Angolan Minister of State for Economic Coordination, Manuel Nunes Júnior, Saturday in Nzeto, northern province of Zaire, stressed the role of social cash transfers "Kwenda" programme in the economy of the beneficiary communities.
Send by email
To share this news by email, fill out the information below and click Send
To report errors in the texts of articles published, fill out the information below and click Send
Speaking at the launch project ceremony, the official spoke of the positive effects on trade and local markets, adding that Kwenda will stimulate agricultural production and trade in rural areas of the country.
He predicted a substantial improvement in the life of the Angolan population, as result of the connection between "Kwenda" programme and that of the Integrated Plan for Intervention in Municipalities (PIIM) underway in the 164 circumscriptions of the country.
The minister referred to the strong component of the integrated beneficiaries in productive and income-generating activities.
According to him, the value of 25,000 kwanzas to be allocated quarterly to vulnerable families, for one year, will allow their insertion in productive and profitable actions.
He recalled the Ministry of Agriculture and Fisheries and the Agrarian Development Fund, the entities responsible for the materialisation of Kwenda, for the need to guarantee the supply of production factors such as seeds, fertilizers, soil preparation and technical assistance, aiming at increasing production and productivity of peasant families.
In Nzeto municipality, where the programme was officially launched, will cover 1,700 vulnerable people previously registered.
Still, 1.6 million families across the country will benefit from this plan, which has a global financing of USD 420 million. Of this value, 320 million came from the World Bank and the remaining 100 million by the Angolan Executive.
- 29/05/2020 15:52:25
Menongue - The lack of funding and bureaucracy in processing documents for the legalization of companies at National Institute of Small and Medium-Sized Companies (INAPEM) have been the main difficulties faced by young entrepreneurs in eastern Cuando Cubango, said Thursday the coordinator of young entrepreneurs, Domingos Luanda.
- 29/05/2020 15:17:48
Luanda - The Asset management (Recredit) has recovered 1.5 billion kwanzas of credit granted by Angola?s major public bank the Savings and Credit Bank (BPC) amortized by a business group.
- 29/05/2020 14:55:39
Luanda - The State-owned bank Banco de Comercio e Industria (BCI) needs 57 billion kwanzas for its recapitalization following a number of adjustments resulting from the assessment of asset quality and implementation of the International Financial Reporting Standard 9 (IFR9).