| Approval Date | 17 Sep 2014 |
| Signature Date | 18 Dec 2014 |
| Planned Completion Date | 30 Sep 2023 |
| Last Disbursement Planned Date | 30 Jun 2023 |
| Sovereign / Non-Sovereign | Sovereign |
| Sector | Multi-Sector |
| DAC Sector Code | 11330 |
| Environmental Category | 3 |
| Commitment | U.A 18,668,309.25 |
| Status | Implementation |
The Institutional Capacity Building for Private Sector Development Project (ICBPSDP) aims to contribute to diversification of the Angolan economy. Despite strong economic growth over the past 10 years, Angola’s economy is heavily dependent on the oil sector. Furthermore, on the social front, the country suffers from high unemployment, which affects 26 % of the active population. The incidence of poverty remains high with about 36.6% of the population living below the poverty line. Against this backdrop, the Government of Angola has set the objective of promoting human development, improving the quality of life and combating extreme poverty through diversification of the economy and employment. In order to diversify its economy, the Government has undertaken various initiatives to foster private sector development under the 2013-2017 National Development Plan. The 4-year project for an amount of USD 27.64 million aims to contribute to the country’s private sector development efforts. Its objective is to build the institutional capacity of public services, which provide support to private sector development, and to train their personnel. The project will also contribute to the establishment of a monitoring and evaluation system for assessing the actual impact of these private sector support initiatives and enhancing their effectiveness.
The project goal is to contribute to private sector development and diversification of the economy. The project aims to build the capacity of the various public services, which support private sector development. The project’s specific objectives are to: i) support enterprise competitiveness and entrepreneurship and ii) support the development of the Initiative for Cooperatives Promotion (ICP).
The project covers the entire national territory and the main beneficiaries are State structures, which will benefit from institutional capacity building, especially private sector supervision and promotion structures. Businesses will also benefit from improved service delivery by the public bodies responsible for providing them with support.
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Funding
African Development Bank
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Extending
Government Of Angola
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Implementing
Government of Angola
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| IATI identifier | 46002-P-AO-K00-006 |
| Last Update | 24 Mar 2023 |
| Name | Bernadette Nakabuye KIZITO |
| Country | Angola |
| Coordinates | Location Name |
|---|---|
| -12.5 18.5 | Angola |
| -8.83682 13.23432 | Luanda |