210 new industrial units start operating in Angola in 2011

5 January 2012

Luanda, Angola, 5 Jan – Two hundred and ten new private industrial units started operating in 2011 in Angola as a result of investments of over US$800 million, the Angolan minister for Geology, Mining and Industry said Wednesday in Luanda.

Cited by Angolan news agency Angop, Joaquim David added that as a result of those investments, particularly in the food, drink, chemical and wood industries, over 8,000 new jobs had been created.

In the area of structural industries, he said, there are activities underway that would re-launch the textile industry with the refurbishment and re-equipment of Textang II and the launch, expected soon, of similar activities at África Têxtil (Benguela province) and Satec in Kwanza Norte province.

The minister noted that this year special attention would be paid to the construction materials industries and with the opening of another unit of Nova Cimangola, Secil Lobito and others, that Angola will soon be self-sufficient in terms of materials for the construction sector.

In terms of support for small and medium-sized companies, David said that 18 working groups had been set up across all the country’s provinces to prepare 492 new industrial projects and their respective technical, economic and market feasibility studies. (macauhub)