Angola wants to curb steel rod imports

30 May 2016

The government of Angola is considering an increase in customs duties or even a ban on steel rod imports, a product in which the country is already self-sufficient, said Thursdaythe Director of the Office of Studies, Projects and Statistics (GEPE ) of the Ministry of Industry.

Ivan Prado told Angolan news agency Angop that, as well as steel of which it produces 500,000 tons, Angola is also already self-sufficient in cement production, soft drinks and bottled water, with a production of 9.2 million tons, 5 5 million hectolitres and 10 million hectolitres, respectively.

One official said that Angola is about to record high production levels of high textiles, through factories Textang II (Luanda) and África Têxtil (Benguela), which are 100 percent completed, operating in a testing phase, as well as Satec (Dondo), in its conclusion phase, with a completion rate of 96 percent.

Prado said the Ministry of Industry has received instructions to find private entities through a public tender for the acquisition of those plants, on whose construction the state spent US$1.2 billion.

Saying it was necessary to pay attention to the agricultural sector, the director of GEPE told the news agency there were plans for private investment in fertilizer production in Cabinda, in order to help increase grain production in the country. (macauhub/AO)