Portuguese group buys coffee company in Angola

17 November 2014

Angonabeiro, the Angolan subsidiary of Portuguese group Nabeiro, has acquired the entire share capital of Angolan public coffee company Liangol coffee under a privatisation decision of the Angolan government.

The Portuguese group, which has been in Angola for 14 years, had been invited by the Angolan government to assist in the recovery of the old Liangol coffee factory, in Luanda, a unit that now produces the Ginga brand of coffee.

Under the government’s decision, Liangol, whose factory was inaugurated on 25 May, 2001, was removed from state company Empresa de Liofilização e Moagem de Café also freeze drying and grinding of coffee (Limoca) in order to be privatised.

Angonabeiro is part of the Nabeiro group, based in the Portuguese town of Campo Maior, which operates in the Angolan market in trade and industry through the brands of Ginga and Delta coffee, among other products.

Before independence Angola was the world’s fourth largest coffee producer, with annual production of over 200,000 tons, but current production is less than 10 percent of that amount, due to plantations being abandoned during the Angolan civil war. (macauhub/AO/PT)