PRODESI approved around five thousand projects in five years of operation.

The Production Support, Export Diversification and Import Substitution Program (PRODESI) approved 5,725 projects, budgeted at 1,530,049 million kwanzas, in the period 2019-2023. According to a document released by the Ministry of Planning.

The executive's program for the diversification of the economy, over the last five years, has focused on supporting national production with easier access to credit for the agricultural sectors with 4060 projects, wholesale and retail trade with 804 and industry and transformation with 621 projects , among many others.

As part of facilitating access to credit, a portfolio of projects ranging from one hundred to a thousand projects was established, distributed across the 18 provinces of Angola, with Luanda having the largest number, which is 1,807, and Cunene having the smallest number, of just 103 projects. Following this, 4,495 companies and 1,230 cooperatives received credit from PRODESI, 105,465 producers were registered, 23,175 economic agents were trained by the program.

In this same period, 2,246 projects aimed at Agriculture, Aquaculture, Manufacturing Industry, Fishing, Livestock, Farming, Commerce and services, among others, were financed under the Credit Support Project (PAC). These are valued at 90,452 million kwanzas, and aim to reduce the strong dependence on imports of goods and services widely consumed by the population.

During the past year, the balance of trade for PRODESI products was falling, having recorded a negative balance each year (-2000 USD) in 2019 and 2022, (-1000 USD) in 2020, 2021 and 2023. Read in the graph available on the ministry's portal.

PRODESI is a program approved by Presidential Decree No. 169/18 of June 20, designated for the sectors of Food, Angro-Industry, Mineral Resources, Oil and Natural Gas, Forestry, Textiles, Clothing and Footwear, Construction and Public Works , Information and Telecommunications Technologies, Health, Education, Training and Scientific Research, Tourism and Leisure.

PRODESI approved around five thousand projects in five years of operation

The Production Support, Export Diversification and Import Substitution Program (PRODESI) approved 5,725 projects, budgeted at 1,530,049 million kwanzas, in the period 2019-2023. According to a document released by the Ministry of Planning.

Feb 7, 2024 - 12:36
PRODESI approved around five thousand projects in five years of operation
© Photography by: DR
PRODESI approved around five thousand projects in five years of operation

The executive's program for the diversification of the economy, over the last five years, has focused on supporting national production with easier access to credit for the agricultural sectors with 4060 projects, wholesale and retail trade with 804 and industry and transformation with 621 projects , among many others.

As part of facilitating access to credit, a portfolio of projects ranging from one hundred to a thousand projects was established, distributed across the 18 provinces of Angola, with Luanda having the largest number, which is 1,807, and Cunene having the smallest number, of just 103 projects. Following this, 4,495 companies and 1,230 cooperatives received credit from PRODESI, 105,465 producers were registered, 23,175 economic agents were trained by the program.

In this same period, 2,246 projects aimed at Agriculture, Aquaculture, Manufacturing Industry, Fishing, Livestock, Farming, Commerce and services, among others, were financed under the Credit Support Project (PAC). These are valued at 90,452 million kwanzas, and aim to reduce the strong dependence on imports of goods and services widely consumed by the population.

During the past year, the balance of trade for PRODESI products was falling, having recorded a negative balance each year (-2000 USD) in 2019 and 2022, (-1000 USD) in 2020, 2021 and 2023. Read in the graph available on the ministry's portal.

PRODESI is a program approved by Presidential Decree No. 169/18 of June 20, designated for the sectors of Food, Angro-Industry, Mineral Resources, Oil and Natural Gas, Forestry, Textiles, Clothing and Footwear, Construction and Public Works , Information and Telecommunications Technologies, Health, Education, Training and Scientific Research, Tourism and Leisure.