The Super Palanca company, a partnership between businesspeople from Angola and China, will assemble light and heavy vehicles in Angola, according to the contract signed last week with the Angolan National Agency for Private Investment (ANIP).
The contract with ANIP, worth US$9 million, ensures that the company has tax benefits in its project to build a factory, which should become operational within three years, to assemble light and heavy vehicles in the country.
At the same time, ANIP signed another contract with the Migabe Robona company for processing scrap into steel, and the steel plant will be built in Barra do Dande, Bengo province, to start operating within two years.
The chair of ANIP, Maria Luísa Abrantes, signed another contract with a company called Friviana, which is a partnership between businesspeople from Angola and Portugal and intends to produce freezers and refrigerators in Angola.
In all, private investment contracts were signed with 20 companies that propose to apply US$42 million in a variety of projects in Angola. (macauhub/AO/CN/PT)