- Angola has approved $250 million agro-credit for small and medium scale farmers to strengthen credit among local businessmen.
The minister of State for Economic Coordination, Manuel Nunes Junior said the funding would be availed without major restrictions in terms of guarantees, as part of the programme of the government approved by the voters at the September 2008 general elections.
The MPLA supporters said the ruling party backs a social market economy in which the national business community should take control of the main mechanisms that ensure the country’s productive affairs.
“MPLA will adopt a protectionist position temporarily towards national businessmen, until they in condition to run their businesses,” Minister said.
According to the minister, the government is also envisaging the training of businessmen along with programmes for construction and rehabilitation of infra-structures such as roads, electric power and water supply systems and irrigation projects, so that domestic investment is more profitable.
He voiced for the skillness of the state institutions and pointed out excellence, transparency, accuracy and good governance as guiding principles for civil servants.
Angola has recently sworn its cabinet that is expected to take forwards the government agenda forward.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.