Angola will start manufacturing household appliances following the inauguration last week in the Viana Special Economic Zone, on the outskirts of Luanda, of a company called Inovia, in which over US$38 million has been invested, according to newspaper Jornal de Angola.
The chairman of the company, Domingos Inglês, said at the inauguration ceremony that the number of workers would double to 400 when the factory is fully operational and starts to supply the market with stoves, refrigerators, televisions and computers.
The company’s chief executive, Aires Neto said that the factory, which covers an area of 7,500 square metres, when it was completed, would have eight production lines, each with capacity to produce 100,000 units a year.
Inovia is a 100 percent Angolan privately-owned company, focused on manufacturing household appliances and popular electronic consumer products.
Speaking at the inauguration ceremony, the Minister for Industry, Bernarda Martins, said that the company was “an example of supporting the national economy to reduce its dependence on the oil sector in terms of its contribution to GDP, to exports and to tax revenues.” (macauhub)