Brazilian Dunia Comercial group invests over US$4 million in cashew production in Angola

15 May 2006

Luanda, Angola, 15 May – Dunia Comercial group from Brazil has invested over US$4.8 million in developing a project for cashew production in Nenga, 180 kilometers from Soyo in Angola’s Zaire province, the company said.

The project, which was launched a few days ago, initially plans to cultivate 2,500 Brazilian cashew plants in a 3,000 hectare are, which are expected to produce 240 tons of fruit.

According to the chief executive of Dunia, Adriano Manuel, the deal is being carried out in partnership with FAPU University, from the Brazilian state of Piaui, which will provide part of the technical support and training required for 140 staff, who will be organized into rural production cooperatives.

Agronomist from FAPU University, Roberto Amaral, said the soil and climate conditions in the Nenga region, where the project is located, were extraordinary and could provide turnover of some US$2 million per year.

Production will be for internal and external consumption, mainly the United States, Canada and India. (macauhub)