Angola’s Benguela province attracts US$9.4 million in private investment in 2011

22 May 2012

Angola’s Benguela province in 2011 received private investment projects worth US$9.4 million as a result of licensing 62 small and medium-sized companies, said the provincial director for Industry, Geology, and Mines, Augusta Pinto.

The provincial director also told Angolan news agency Angop that of that total 29 companies were from the food sector, 18 were linked to light industry, and 15 to heavy industry and altogether they had created 650 jobs.

Most of those companies were set up in the Catumbela Industrial Hub (PDIC), including a furniture factory and a factory producing food such as biscuits.

Pinto also noted that a factory had started producing disposable diapers at the hub, with a capacity of 4 million diapers per month.

“At the Catumbela hub 21 factories are due to be launched this year alone,” said Pinto, noting that an ironworks was due to open in Baía Farta, as well as a ceramics factory and two cement factories in Lobito. (macauhub)