Ellada Investments plans to invest in coffee production in Angola’s Uíge province according to the company’s chief executive Emily Panteleakis, cited by state daily newspaper Jornal de Angola.
At the end of a meeting with the provincial governor of Uíge, Paulo Pombolo, Panteleakis said she planned to build a large scale coffee production unit, with the possibility of making the province a world-scale coffee producer.
Panteleakis said that her company, “is available to put the necessary resources in the region to carry it out,” and also said she was available to invest in tourism infrastructure.
The provincial governor called for the project to be built in partnership with Angolan businesspeople and suggested the Negage Industrial Hub, which has 1,500 hectares set aside for industrial units, as a possible location for the unit.
Statistics from the International Coffee Organization (ICO) showed that in 2013 Angola produced 50,000 bags, or 3,000 tons of coffee, after producing 33,000 bags in 2012.
Before its independence from Portugal in 1975, Angola produced an average of 4 million bags (240,000 tons) of coffee, which made it one of the world’s biggest coffee producers. (macauhub/AO)