Angola: Procafé needs 105 million kwanzas to buy coffee and resources

2 May 2008

Luanda, Angola, 2 May – Angolan coffee company Empresa de Abastecimento ao Sector Cafeícola (Procafé) this year needs 105 million kwanzas (around US$1.4 million) to by coffee and the resources it needs for its activities, its director general said in Luanda Wednesday.

Speaking to Angolan news agency Angop, Romualdo Traça Dias dos Santos, said that, of the total, the company planned to use 45 million kwanzas to buy coffee and 60 million on the acquisition of resources for rural workers, such as mills, husking machines and other equipment.

Traça said that, as part of its coffee sales programme for 2008, Procafé would buy the product, as of next May, in the provinces of Bengo, Kwanza Norte, Kwanza Sul and Uíje.

The manager also said that the company was negotiating with some Angolan and foreign retail banks to obtain the required funding.

For that purpose, he said, a delegation from Procafé travelled, in the first quarter, to India to obtain funding and establish business partnerships, which are indispensible to the sustained development of its activities.

Created in 1975, Procafé is a state-owned company, which is focused on the sale of coffee and the supply of resources to coffee-growers. (macauhub)