With the support of the International Finance Corporation, one of the World Bank Group and the Carrinho Group, Angola’s largest food processing company, more than 100,000 farmers in Angola’s agriculture sector would be able to improve their productivity and access to markets.
It is IFC’s goal to assist the Carrinho Group in developing sustainable farming techniques, which include crop diversification and establishing value chains in rural markets, with an emphasis on soya bean cultivation and chicken farming. IFC will train over 300 agricultural technicians from Carrinho Group in agronomy and commercial strategies to assist enhance local soya bean production.
The specialists will next provide training, access to production packages, and new crops to over 50,000 small-scale farmers in the provinces of Benguela, Huambo, Bié Huila, Kwanza Sul, and Malange. Farmers will also have access to loans and equipment, as well as becoming part of Carrinho’s own supply chain.
Angola presently imports more than 90% of its poultry meat, with local production behind due to a scarcity of raw materials and animal feed. This presents a chance to boost the country’s domestic value addition.
“We are honored to collaborate with IFC on this endeavor. Our objective is to execute strategies that boost local agricultural production while also providing inputs and market access to the poultry sector. The relationship with IFC will accelerate Carrinho’s expansion strategy and contribute to our goal of food self-sufficiency in Angola,” stated Nelson Carrinho, CEO of Carrinho Group.
“Carrinho Group intends to reintroduce private rural agriculture extension services and to launch Angola’s largest chicken program.”
“The agro-processing industry has the potential to be a substantial engine of economic growth in Angola. By supporting in the enhancement of local production and supply chains and the establishment of sustainable value chains, the IFC will contribute to job creation and economic growth in rural Angola ” Indira Campos, the IFC’s Country Officer for Angola and Botswana, agreed.
Agriculture, financial services, and energy have been designated as key sectors with strong potential to promote Angola’s economic growth by the IFC. In order to strengthen the industry, IFC is also providing advising help to boost private investment, create market connections and supply chains, and encourage access to finance for small farmers.