Angola’s Gesterra invests US$800 million in agri-industrial projects

10 August 2011

Malanje, Angola, 10 Aug – Eighteen agricultural projects, costing some US$800 million, are being carried out by Angolan agricultural company Empresa de Terras Aráveis (Gesterra) in the Angolan provinces of Malanje, Kuando Kubango, Benguela, Bié, Zaire, Cunene, Uíge and Moxico, the chairman of the company said.

Cited by Angolan news agency Angop, Carlos Alberto Jaime said that the projects aimed to create agricultural projects and agri-industrial hubs to grow rice, maize, soy, beans and to raise beef cattle, pigs and poultry.

Jaime also said that with the opening of these facilities Angola would be self-sufficient in food within 8 or 9 years.

Gesterra is a company set up by the Council of Ministers and run by the Ministry for Agriculture, Fisheries and Rural Development with the aim of ensuring access to food products at competitive prices and promoting rural and agri-livestock development in Angola.

The company plans by 2013 to achieve production of around 315,000 tons of grains, to create 4,000 direct jobs, stimulate growth of livestock production in Angola, expand agri-industry in rural areas and contribute to the country’s food self-sufficiency. (macauhub)