Angola: Chinese businesspeople plan to invest in Malanje

18 March 2009

Malanje, Angola, 18 March – Businesspeople associated to state Chinese investment group CITIC plan to invest in the Angolan Province of Malanje in the agri-livestock and industrial sectors, Angolan news agency Angop reported.

Angop said that the delegation made up of businesspeople and officials from the CITIC and the China Development Bank, which funds projects, had met Monday in the city of Malanje with provincial officials in order to obtain information about the province’s potential, including its water resources, arable land, soil fertility and most important crops.

The meeting served for the Chinese delegation to assess the possibility of becoming involved in agriculture and the manufacturing industries.

The province’s agricultural director, João Manuel noted the Kassanje and Malanje plateau areas, along with the Songo region as being the main agricultural production areas, despite their specific characteristics, for producing rice, cotton and other crops.

The director of the evaluation department for the China Development Bank, Meng Ya Ping, said that investments would also involve building infrastructures, adding that the map that was presented showed fertile land in the province.

Following the meeting, the Chinese delegation travelled to the Pungo-a-Dondo plantation (Kapanda) to verify levels of maize production and processing, as well as the experimental production of soy, rice, peanuts and beans in order to have an idea of the fertility levels of the province’s land. (macauhub)