Agro-livestock group Novagrolider plans to invest US$15.1 million in farming and processing of horticultural products in Angola under a contract signed Wednesday in Luanda, the local press reported.
The contract was signed by the Director of the Technical Unit for Private Investment (UTIP), Ernesto Manuel Norberto Garcia and group director, João Macedo.
The amount in question, said João Macedo, will be to build a factory for processing fruit and vegetables, as well as in the production of flowers and dairy products, meat and other similar products, to be built in the municipality of Quibala, Kwanza Sul province.
The group also intends, with this project, to develop a chain for production of milk, yoghurt, cheese and meat for both the domestic market and for export.
The Novagrolider group has several farms in Angola, specifically in Caxito, northern Bengo province, Bom Jesus, in Luanda and Quibala, Kwanza Sul province. (macauhub/AO)