ReliefWeb: Angola: More than US $40 m pumped in food... -
[Cached Version]
Published on: 4/15/2004
Last Visited: 4/16/2004
"We are running the projects in the provinces of Benguela, Bie, Huambo and Huila," Fernando Paiva, ChevronTexaco's director of public and governmental relations told IRIN.The company was also set to launch a micro-credit bank in Angola later this year, he added.
The projects were initiated by ChevronTexaco, the United States Agency for International Development (USAID) and the NGOs, CARE, World Vision, Africare and Save the Children.About 900,000 people had benefited so far.
The bulk of the financial aid, about $32 million, was taken up by food relief projects, while about $4.3 million had gone towards providing seeds to farmers, and $1.3 million on other agricultural projects being implemented by the state-run Institute for Agronomic Research and the Institute for Agronomic Development.
"We have also spent about $2.3 million on agriculture courses and research at the Institute for Agronomic Research in Huambo," Paiva said.
In addition, the aid partners were running a $3 million agricultural programme in the Cabinda enclave, and were setting up other agricultural projects in the northern province of Zaire.
...
In the wake of comments by Lutucuta that Angolan banking institutions were reluctant to offer loans to the agricultural sector, Paiva said ChevronTexaco was in the process of establishing a microcredit facility that would begin operating later this year.