Cash for ex-soldiers’ integration

The association invested the money in socio-economic projects that enabled the reintegration of 802 ex-soldiers residing in Longonjo district, central Huambo Province, from December 2005 to June this year.

A CIC delegate in Angola, Francisco Raposo, told journalists that the project was carried out in the light of the General Demobilised Soldiers Reintegration Programme (PGR) of the Angolan government with the aid of the World Bank.

The ex-soldiers received upgrading courses on cattle-breeding, management of co-operatives, production of fertilisers, organisation of storage, flow and trade of products, carpentry, amongst others.

After the courses, the ex-soldiers received professional kits, and they are currently working in 14 co-operatives in accordance with their specialities.

Meanwhile, the technicians of the sub-committee of currency exchange control of the Southern African Development Community (SADC) have recommended the necessity of free circulation of capital in the region for the benefit of the member states’ economies.

The technicians, who gathered in Lubango for the second yearly meeting, defended equally major inter-relation among African countries in the trade sector, all for the economic growth of the region.

The Currency Exchange Department chief of the Angolan National Reserve Bank (BNA), Lucinda Dias, said that the meeting in Lubango was aimed at outlining policies which contribute to an efficacious relationship among members countries.

Those who participated in the meeting included bankers of the reserve banks of Angola, Democratic Republic of Congo, Tanzania, Namibia and South Africa.

They analysed the changes that have occurred in the field of currency exchange control in the region, as well as introduction of policies which aim at the increase of capital flow in order to improve the commercial exchange.

Meanwhile, Angola will spend about US$600 million in its programme of renewal and modernisation of the country’s national airline TAAG fleet.

According to a TAAG press release, the programme includes the purchase of four new Boeing 737-700 aircraft for short and medium distance flights and three Boeing 777-200ER for long and very long distance trips.

The planes will be handed to Angola gradually, with the arrival in the country of the first two of both versions expected for September this year. The last Boeing 777 is expected for November this year, thus bringing the process of deliveries to full completion.

The source added that the amount set aside for this operation would also cover training of maintenance personnel, flight operations and other TAAG related areas. Staff training is currently in progress in Seattle in the United States.

The investment, it was said, would lead to the involvement of TAAG in the process of technical assistance and rehabilitation of Angolan airports.

Last week the Cabinet Council approved the contract between TAAG, Angola Airlines-EP and Boeing Company, aimed at improved services and reduced operational costs.

In another development, the World Bank made available a total of US$7,2 million to Angola’s Water and Energy Ministry, for the rehabilitation and extension of the drinking water supply network in the urban area of Malange city.

According to the head of the National Department of Water, Ant’nio Quaresma, the financing is included in the ambit of an emergency and rehabilitation programme of infrastructures that the World Bank grants through the Planning Ministry, which aims to aid the sectors of Water, Education, Health, among others.

According to the acting provincial governor, Durbalino de Carvalho, who witnessed the signing of the document, this first phase of the works will take drinking water to the urban area, and the system will be rehabilitated and 41 kilometres of reticulation will be built.

The document was signed jointly by representatives of the Local Government and Water and Energy ministries, supervising entity and the contractor.

July 2006
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