Angola: State coffee company Procafé to adopt more commercial stance

20 February 2008

Luanda, Angola, 20 Feb – Angolan coffee company Empresa de Abastecimento ao Sector Cafeícola (Procafé) as of this year plans to adopt a more commercial stance focused on maximizing profit, the company’s director general, Romaualdo Traça Dias dos Santos said Tuesday in Luanda.

Speaking to Angolan news agency Angop, dos Santos said that Procafé was adopting this new strategy due to a guideline issued by the minister for Agriculture and Rural Development, Afonso Pedro Canga, which was approved in January, according to which the company should work towards being profitable.

Asked about the privatization process of Procafé, dos Santos sad that that “dossier” was being assessed and had been handed over to the Office for Corporate Privatization and Resizing (GARE) of the Ministry for Industry.

Created in 1975, Procafé is a state-owned company and did not work between 1992 and 2003, due to its destruction, during the country’s civil war, of its branches in the most productive coffee-growing provinces (Kwanza Norte, Uíge, Kwanza Sul and Bengo). (macauhub)