Luanda, Angola, 25 June – The “Cacuso-Malanje Agri-Industrial Unit” project, approved Wednesday by Angola’s council of ministers has the aim of growing sugar cane, with a view to producing sugar, ethanol and electricity.
The project, valued at US$272 million will be implemented in Malanje province, in Cacuso municipality, and is expected to create approximately 500 direct jobs, 350 of which will be for Angolans, and 700 indirect jobs, said a statement issued by the Council of Ministers.
At the same meeting the government authorised telecommunications company Unitel to invest US$1.795 billion in improving the quality of services, modernise equipment and adapt to the sector’s constant technological changes.
The Council of Minister also approved the contract to build infrastructures as part of the project for family-based poultry farming, signed by the Ministry for Agriculture and Korean companies Hansol EME Co. Ltd and Truelife Co. Ltd.
The project will be implemented in the municipalities of Cacuso and Lucala in the provinces of Malanje and Kwanza Norte, respectively. (macauhub)