Public-private partnership to invest US$26 million in agri-livestock project in Angola

12 March 2012

A public-private partnership is set to invest US$26 million in a programme to breed animals for slaughter, to produce milk and eggs, and for agricultural production in the Aldeia Nova project, in the Cela municipal area of Angola’s Kwanza Sul province, Angolan news agency Angop reported.

The news agency cited José Bettencourt, the assistant managing director of Gesterra, one of the companies involved in the Aldeia Nova project, as saying that the investment would be made in stages over a period of three years although he added that the programme was currently at a standstill.

Bettencourt also said that liabilities were the responsibility of the Agriculture Ministry, particularly those related to human resources, which would be reduced from 430 to 230 workers initially.

The programme was signed over to the Aldeia Nova company on 6 January of this year and the bodies that signed the contract were the Agrarian Development Institute, with a share of 15 percent, Gesterra (21percent), higher private business institute Instituto Superior Empresarial Privado (23 percent) and the Vital Fund, which ahs a 41 percent stake in the company.

The Aldeia Nova project was designed for the reintegration of former military personnel into society and was launched in 2005 by President José Eduardo dos Santos. (macauhub)