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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.

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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.

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