The Kapilongo consortium plans to spend US$100 million on an agro-livestock project that will eventually have 100,000 head of cattle, said the company’s representative in Lunda Norte province, Joel Filho.
Cited by Angolan news agency Angop, Filho said that the agro-livestock project was in the execution phase and involved more than 120 Angolan investors.
The project, which was launched two years ago with the construction of an administrative building, is being carried out in phases over a maximum of 15 years. Investors expect to see their first results withing five years.
The facility, which covers an area of 150,000 hectares, is focused on beef production and temporary crops, Filho said.
The Calonda agro-livestock project was designed by former diamond company Companhia de Diamantes de Angola “Diamang,” founded in 1917 and owned by investors from Portugal, Belgium, the United States, the United Kingdom and South Africa. (macauhub)