China wants to invest in agri-livestock sector in Angola starting in 2010

29 September 2009

Luanda, Angola, 29 Sept – China plans to invest next year in agri-livestock projects in Angola in order to reduce dependence and reduce expenses with importing food by Luanda, the Chiense ambassador to Angola, Zhang Bolun told Angolan news agency Angop.

The diplomat said that the Chinese projects included development of a food industry, with construction of factories to process and treat foodstuffs.

“China also wants to invest in grain and livestock production, as well as taking part in the modernisation of irrigation systems,” he said.

Ambassador Zhang also said that the Chinese government planned to focus on long term projects that would have a significant effect on development and quality of life of the Angolan population.

He also said that contacts and negotiations were underway with the Angolan government to sign deals for sector sin which China wants to invest in Angola.

Zhang Bolun said Monday that in 2008 Angola was China’s biggest trading partner in Africa, and the second biggest worldwide, with bilateral trade of between US$25 and US$31 billion. (macauhub)