Partnerships in Angola to Boost Non-Oil Sectors
A quick bit of follow-up from Secretary Clinton’s visit in Angola: while there the Secretary witnessed the signing of an accord between USAID, Chevron, and a variety of other partners. This partnership is committed to expanding non-oil business in the country, which is currently heavily reliant on petroleum products for economic development. When Angola emerged from civil war, economic growth and agricultural development were tagged as key priorities for the country.
As Secretary Clinton mentioned in her remarks, part of this investment will be directed towards smallholder farmers in an effort to boost agricultural productivity. Often oil-producers invest in support for non-oil business in order to bolster social and political stability in a country, which also helps protect their oil-related investments. The Memorandum of Understanding that was signed will provide continuity for the $56 million Angola Partnership Initiative between USAID, Chevron, and other partners that supports initiatives on education, food security, government capacity building, and small business development.
-Beth Adler
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