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News from Angola – In recent years, Angola has witnessed a remarkable transformation in the economic sector, driven by a series of confident and strategic structural reforms and economic policies.
Written by: Dafonseca
Undoubtedly, the focus on economic diversification, with particular emphasis on boosting national production, strengthening family farming and attracting private investment, has proven to be crucial in addressing food insecurity.
National production is undoubtedly one of the basic pillars of recent economic policy and has made great progress.
In 2019, domestic agricultural and industrial product production faced severe challenges, and domestic market demand was heavily dependent on imports. However, between 2020 and 2024, national production increased significantly.
The latest data show that agricultural production has increased by an average of 4% per year, with a cumulative increase of about 20% over the past five years. For example, the growth in corn production is obvious, from 1.8 million tons in 2019 to more than 3 million tons in 2024.
Crop diversification and continued support for agricultural cooperatives have played a leading role in these advances, contributing to the “resilience and sustainability” of the Angolan economy, a term often highlighted in official speeches.
The launch of the Family Farming Acceleration Program in 2023 is an important milestone in this trajectory. The program, involving the Ministry of Agriculture and Forestry, FADA and the Credit Guarantee Fund, aims to provide technical and financial support to smallholder farmers.
As a result, more than 50,000 agricultural households will benefit by the end of 2023, thus contributing to increasing productivity and boosting food security in all regions of the country. By 2024, this number is expected to increase to 65,000 households, reinforcing the importance of the sector in the national economy and reflecting the vision of economic inclusion as a pillar of development.
Private investment is another important pillar of Angola’s economic revitalization and has played a decisive role.
The government has successfully attracted domestic and foreign investment through a series of stimulus measures and clear tax reforms.
Private investment in Angola increased by 15% between 2019 and 2023, especially in the energy, mining and agribusiness sectors. In 2024, Angola raised a total of US$5.6 billion in new investment, an increase of 12% over the previous year.
This sustained growth is not only a testament to investors’ confidence in the country’s economic environment, but also reflects the government’s continued efforts to create a favorable and competitive business environment and create conditions for sustainable growth.
In turn, family farming is considered one of the main vectors for combating food insecurity.
These policies targeting the sector have already yielded clear results: data from the Ministry of Agriculture show that family farming is expected to increase its share of basic food production from 30% in 2019 to 47% in 2024.
This growth, especially in cassava and sweet potato production, is essential to reducing dependence on imports and ensuring a solid foundation for food security, in line with the vision of ensuring food security as a national priority.
These indicators point to growing independence from food imports, an important factor in national food security. In addition, training initiatives and access to credit for smallholder farmers strengthen the resilience of rural communities and promote truly sustainable development, a goal that is consistent with the vision of “balanced and inclusive development”.
Despite the progress, food insecurity remains a challenge in Angola, although there are clear signs of improvement.
The number of people experiencing severe food insecurity falls by 28%, from 5 million in 2019 to 3.6 million in 2024.
This progress is largely due to policies that encourage national production and the continued strengthening of family farming. However, challenges such as climate change, inadequate infrastructure and global price volatility still require a more in-depth approach to achieve comprehensive food security.
Angola has demonstrated remarkable resilience and the ability to adapt to the economic challenges it has faced. The reforms implemented, boosting national production, attracting private investment and strengthening family farming all bode well for the Angolan economy.
While there are still challenges to overcome, the progress made over the past five years has laid a solid foundation for sustainable and inclusive growth.
The continuity of these policies, coupled with the Government’s strong commitment to addressing remaining issues, will be essential to consolidate the gains made and to ensure a prosperous and stable future for all Angolans. As has been frequently stressed, inclusive and sustainable economic development is key to a prosperous and balanced future for Angola.
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