Angolan group invests in agriculture and livestock in southern Angola

1 July 2015

A private investment at Fazenda Vales Silvestres, an agro-livestock farm in the south of Angola, will enable the production of 20 million litres of milk and 60,000 tons of grain per year, according to the farm’s managers.

Fazenda Vales Silvestres, located in the municipality of Caconda, in southern Huila province, on an area of 13,000 hectares, was officially opened Monday and has created 420 direct jobs, plus another 1,000 indirect jobs, the managers said.

The operation includes a grain drying and storage unit, 2,200 head of cattle for milk production, a feed mill and pig farm, and there are also plans to export agricultural and livestock goods to neighbouring countries.

The project involves an investment of US$120 million promoted by Angolan group S. Tulumba – Investimentos e Participações, owned by entrepreneur Silvestre Tulumba Kapose, which also operates in real estate, hospitality, construction, automobile sales and food distribution. (macauhub/AO)