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Sat, 07 Dec 2019 13:18 - Updated Sat, 07 Dec 2019 13:18

Agrikuvango agro-industrial complex gets USD 10 million loan

Lubango - The Credit Support Programme (PAC) will grant USD 10 million to central Huila-based agro-industrial complex (Agrikuvango) to boost its maize production levels, Secretary of State for Economy, Sérgio Santos, said on Thursday.

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Huíla: Agrikuvango farm

Photo: Amélia Oliveira

The official, who pledged the investment during a visit to the farmers of the region, said the government will support the project to extend its arable areas with the acquisition of 24 new irrigation systems to add to the 12 already in use.

These projects need to be supported and the Government will advocate with the banks for them to benefit from loans, since they provide guarantees that in seven or eight years the loan can be repaid.

Agrikuvango is an agro-industrial whose main objective is the production, industrial processing and marketing of maize, wheat and rice.

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