Luanda, Angola, 21 May – Portuguese investors plan to invest US$200 million in a project to produce sugar cane in Angola’s Zaire province, according to Angolan news agency Angop.
Gomes Ferreira, of Portuguese group Proef SGPS the project’s developer, said that the investment could involve an area of 30,000 hectares, in which the plantation would cover 20,000 hectares.
Na industrial unit will be built in the same location to extract the sugar and make use of sub-products such as ethanol and electricity.
If the project goes ahead within seven to eight years it may produce 350 to 400 tonnes of sugar per year.
Zaire province, in northern Angola, has its capital in M’Banza Kongo and an area of 40,130 kilometres and a population of some 600,000 people. (macauhub)