African Development Bank's $211.4 million investment to enhance agriculture and create jobs in Eastern Angola
Angola, Nov. 13 -- The African Development Bank Group has approved a $211.4 million financing package to boost agricultural production and create thousands of jobs in eastern Angola.The Eastern Region Agricultural Value Chain Development Project aims to transform the area into a major food hub for Angola and neighbouring countries, leveraging its strategic position along the Lobito Corridor economic zone.The project will create 7,500 direct jobs-at least half of them for women and one-third for young people-and benefit 1.2 million people across six provinces: Lunda Norte, Lunda Sul, Moxico, Moxico Leste, Cuando, and Cubango.The project brings together multiple funding sources in an innovative partnership. The African Development Bank is pro...
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