Luanda, Angola, 31 July – Car manufacturer CSG-Angola is to start car production as part of a US$30 million contract signed Wednesday between the National Agency for Private Investment (ANIP) and British investors.

According to Angop news agency, the agreement, signed between ANIP and Kelvin Kwan of the China International Fund, representing British companies Peakbright and Powerquest International Ltd, foresees the manufacture and commercialization of vehicles, parts production and the creation of sales stands nationally and internationally.

Once it reaches its maximum production capacity, the factory, which will use Japanese Nissan technology, could be putting 30,000 vehicles per year on the market, added Angop.

Arguinaldo Jaime, coordinator of ANIP’s Management Commission, said that the project was part of the Angolan Government’s strategy to diversify the economy with the creation of jobs outside the area of natural resource exploration.

The factory, construction of which will begin next month, will be located in Viana and employ a total of 600 workers, 500 of which will be Angolan (macauhub)