Difficulties in obtaining foreign currency limits dairy company Lactiangol in Angola

5 February 2016

The difficulty in obtaining foreign currency to purchase raw materials is affecting the production of both milk and other dairy products by Lacticínios de Angola (Lactiangol), said the company’s president.

José César Bastos Macedo also told Angolan news agency Angop that milk production had to be reduced from 5 million litres to 3.5 million and that of yoghurt, for example, fell by half, “which leaves the company in a difficult situation.”

Lactiangol is currently only able to meet the needs of 10 percent of customer requests, including retail chains, supermarkets, convenience stores, small shops, restaurants and others.

Despite the difficulties in obtaining foreign currency, Macedo said the company was investing about US$19 million in the acquisition of modern equipment, of which about US$14 million had already been used.

The modernisation underway at the company aims to double milk production capacity, by increasing the current production with capacity to produce 6,500 litres for two production lines with capacity for around 13,000 litres per hour, from 2017.

Lactiangol was inaugurated in 1994 and currently has about 250 employees, including administrative, technical staff and specialists. (macauhub/AO)