Angolan and Chinese businesspeople invest in medication factory in Porto Amboim, Angola

22 February 2013

Construction of a factory to produce medication has begun in the municipal area of Porto Amboim, in Angola’s Kwanza Sul province, as part of an investment by Angolan and Chinese businesspeople totalling US$72.7 million, according to Angolan news agency Angop.

During the ceremony to lay the first stone of the project, Angolan businessman Armando José António Kapassola said that the world was expected to take four months and would be funded by the Chinese partners.

“In an initial phase we plan to manufacture saline solution, with a capacity for 8,000 litres per day,” said the businessman adding that the investment would be made in stages, and that initially the investment would be US$52 million.

In the second phase, involving investment of US$20.7 million, the factory will produce ant-malaria drugs. (macauhub)