Portuguese software company Microfil expects 9 million-euro turnover in Angola

27 March 2006

Lisbon, Portugal, 27 March – Portuguese software company Microfil is setting itself up in Angola, where it expects to have turnover of around 9 million euros in 2007, making Angola its main market, the company’s director said Friday.

Manuel Antunes, told Portuguese financial daily Jornal de Negócios that Microfil’s expansion to Angola would begin with a document management program for Angola’s Cabinet.

This deal, worth some 1.5 million euros, has opened the door to contracts with other Ministries and Angolan public bodies and, according to Antunes, 60 percent of the expected 9 million euros “could be generated this year.”

Antunes added that negotiations were underway with oil company Sonangol for installing management software.

Microfil is also on a shortlist for a tender for issuing personal documentation (passports, identity cards and driving licenses), a project financed by the World Bank, totaling US$22 million.

The company is also concluding its launch in Mozambique where it expects turnover next year of 3 million euros.

With the help of Angola and Mozambique, Antunes predicted that Microfil could triple its turnover, which in 2005 was 5 million euros, over the next three years. (macauhub)