M a r k e t N e w s

Angola: 20,000 Hectares Made Available For Investment in Agriculture

Posted on : Tuesday , 12th April 2016

Matala — Over 20,000 hectares of land have been made available for national and foreign entrepreneurs interested in investing in the agricultural sector in Matala Municipality, southern Huila Province, informed on Monday the Matala administrator, Miguel Vicente.

 
Speaking to ANGOP, after carrying out a field visit to the irrigated perimeter of Matala, Miguel Vicente said that the municipality has arable lands and abundant water sources, reason the authorities are inviting entrepreneurs to invest in the locality.
 
He went on to say that this move is part of a project of the Matala administration aimed to boost agricultural production, with emphasis on cereals.
 
Miguel Vicente also explained that there is a commitment to creating conditions for these investments to produce financial profits, reason why the government is also focussing on repairing the hydroelectric dam of Matala, whose first stage is already concluded.
 
He then emphasised that the irrigation canal, with an extension of 42 kilometres, will help to boost agriculture in the Matala.

Source : allafrica.com
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