Angola: Over US$87 million invested in Huambo industrial sector

7 January 2009

Huambo, Angola, 7 Jan – Over US$87 million is being invested in Angola’s Huambo province by Angolan and foreign businesspeople to install new industries and recover others, said provincial director for Industry, Geology and Mining, Manuel Chieque.

Speaking to Angolan news agency Angop, Chieque noted the investment carried out to recover beermaker Cuca (US$42.6 million), a brick and roof tile factory (US$16 million) and a modular panel factory (US%12 million)..

The provincial director said that the remaining investment was being applied to installing three water bottling plants (US$14.8 million), three bakeries (US$906,000) and a sawmill / carpentry workshop (US$220,000).

Chieque noted that of the 11 industrial projects, eight were newly built, whilst the remaining three, including Cuca, were being refurbished.

Most of the projects would go into operation in the first half of 2009, he said, whilst the remainder would be concluded at the end of this year or beginning of 2010, creating a total of 707 new jobs.

The Sefa factory, which produces Coca-Cola and Fanta branded soft drinks, Ulisses, which assembles Yamaha motorcycles, a mattress and plastic tanks factory, the Caála liqueurs and soap factory and a zinc sheet factory, amongst others, are the province’s biggest factories, which before 1991 had Angola’s second biggest industrial sector. (macauhub)