Angola’s Procafé company needs US$ 2 million yearly to process coffee

13 August 2009

Luanda, Angola, Aug 13 – Angola’s Coffee Sector Supply Company, or Procafé, needs US$ 2 million per year to buy 10,000 tons of coffee to allow the cash crop to be processed in the country, the firm’s CEO said Wednesday in Luanda.

Romualdo Traça Dias dos Santos told state news agency Angop the financing is being negotiated with private and public banks and will allow a coffee toasting plant to be built in the town of Negage, Uige province. If the US$ 2 million is raised the company will get more human and material resources enabling it to reach coffee growing areas with difficult access, where there are large concentrations of the product, he added.

Purchasing this coffee, estimated at 10,000 tons, will contribute to easing supply problems from mainly family-based production, as well as aid relaunch of the industry nationwide.

Because Procafé has failed to get US$ 2 million from private banks it has only been able to buy 765 tons of coffee of the 12,000 tons forecast in the past two yeas in the provinces of Uige, North Kwanza, South Kwanza and Bengo. (macauhub)