twitter RSS Feed linkedin acp contact

World Bank finances water and irrigation infrastructure of Angola

The World Bank announced that it will invest US$1bn to support agricultural projects in Angola linked to water resources and irrigation

WaterThe Angolan government is also spending billions of dollars to rebuild its agricultural infrastructure. (UGA/Flickr)

Gregor Binkert, director of World Bank, said that the investment by the bank will create more jobs and reduce hunger and poverty in the country.

Binkert further noted that Angola, which is sub-Saharan Africa's second-largest oil producer, has seen its economy grow rapidly since the civil war ended in 2002. "But the country still needs to repair infrastructure and expand other sectors of the economy.”

The World Bank has already invested US$426mn in projects in the areas of education, agriculture, health and local development, added the director of World Bank.

“It was essential to support Angola in implementing its national development plan, as the country needed more infrastructures to improve the well-being of its people. The Angolan government has quite a coherent programme, so the bank will support it financially," stated Binkert.


LATEST NEWS IN Water & Irrigation

Westfalia launches Global Water Plan to regulate water usage

Westfalia launches Global Water Plan to …

Westfalia Fruit Group, a leading multinational supplier of avocados and a range of fresh vegetables and fruit, is advancing on its industry leading water strategy with plans in place to...

Rivulis opens new factory in Manzares

Rivulis opens new factory in Manzares

Rivulis, a global leader in micro irrigation solutions, has announced the opening of its new state-of-the-art factory in Manzanares, Spain

Irrigating Africa optimally

Irrigating Africa optimally

Progressive farmers have begun to adopt modern techniques such as precision irrigation that do not rely on rain. In an exclusive interview with Tulana Nayak from African Farming, Elad Levi,...

FAO backs management of empty pesticide packaging in West Africa

FAO backs management of empty pesticide …

The GCP/INT/147/GEF Project, funded by the Global Environment Facility (GEF) and coordinated by FAO, has targeted Senegal’s Missirah to manage existing packaging and put in place a mechanism for sustainable...

Critical to pair tree-planting drives with water-wise technologies: Dake Rechsand

Critical to pair tree-planting drives wi…

In the backdrop of increasing tree-planting drives across the MENA region, Dake Rechsand, a company that specialises in sustainable solutions for water conservation and desert farming, has stressed the need...

Boosting commercialisation of water stress management solutions for field crops

Boosting commercialisation of water stre…

Agri-biotech company Elicit Plant closed its financing round to accelerate the development of its water stress management solution in agriculture, with support from the European Circular Bioeconomy Fund (ECBF)

Prev Next

OTHER RELATED ARTICLES - Water & Irrigation

Nokia launches smart agriculture-as-a-service in Algeria

Nokia launches smart agriculture-as-a-se…

In partnership with Algeria’s mobile network operator Djezzy, Nokia has set up a Worldwide IoT Network Grid (WING) to equip farmers with practical data and help them achieve better yields

Irrigation project to come up in Rwandan province

Irrigation project to come up in Rwandan…

The government of Rwanda and Howard G Buffett Foundation have signed a US$24mn partnership deal to fund the development of irrigation infrastructure in Kirehe district in the country’s Eastern Province

Etihad Aviation Group funds construction of water wells in Africa

Etihad Aviation Group funds construction…

Etihad Aviation Group has announced funding to construct 30 water wells in three African nations including Nigeria, Mauritania and Sierra Leone

Construction of US$19.83bn irrigation scheme flagged off

Construction of US$19.83bn irrigation sc…

The deputy speaker of Parliament, Anita Among, has broken ground for the construction of US$19.83bn Acomai irrigation scheme in Kamutur Sub-county in Bukedea District, Uganda

IFC partners with Agricultural Bank of Egypt to promote farmers’ switch to solar irrigation systems

IFC partners with Agricultural Bank of E…

IFC, a member of the World Bank Group, and the Agricultural Bank of Egypt (ABE) have partnered to help Egyptian farmers access financing to purchase solar irrigation systems, reduce their...

Water Ways Technologies signs two irrigation projects in Ethiopia

Water Ways Technologies signs two irriga…

Water Ways Technologies Inc (WWT) has signed two new irrigation projects in Ethiopia

US to improve water security for African communities

US to improve water security for African…

The United States Agency for International Development (USAID) has announced a US$32.4mn five-year project, ‘Resilient Waters,’ to address severe water challenges facing the Limpopo River Basin and Okavango River Basin...

Smart irrigation controllers to see rapid growth in coming years

Smart irrigation controllers to see rapi…

Smart irrigation has been benefitted with the advent of Internet of Things (IoT), thus pushing the growth of smart irrigation controllers market at a global level, according to Persistence Market...

Algerian minister Kadi outlines agriculture policy

Algerian minister Kadi outlines agricult…

Algerian government minister Abdelkader Kadi has this week outlined the country’s agriculture policy

AfDB approves US$21.783mn to scale up solar-powered irrigation in Sudan

AfDB approves US$21.783mn to scale up so…

The African Development Bank’s (AfDB) has approved a grant to the government of Sudan to accelerate the adoption of solar-powered irrigation pumps in the country’s West Kordofan and North Kordofan...

Huge investment for Musese irrigation project

Huge investment for Musese irrigation pr…

After entering into a tripartite agreement with the government and the Namibian Development Corporation (NDC) for one of the oldest green scheme projects in the country 10 years ago, Tulio...

Prev Next