Angolan and Chinese companies sign agreement for investments in Lunda Sul

10 November 2016

Angolan company Sogespro Engenharia & Consultoria Lda and China’s Guangxi Liuzhou Iron and Steel Group Company Limited on Wednesday in Luanda signed an agreement of intent to form a partnership for investment in the agricultural and industrial sectors, in Lunda Sul province.

The Director-General of Sogespro, José Dantas, said at the time that signing the agreement marks a new era of industrial development in the province of Lunda Sul, in the context of diversification of the economy, according to Angolan news agency Angop.

The document was signed in the presence of the President of the Angolan Agency for Investment and Export Promotion (Apiex), António Henriques da Silva, who said he wanted the agreement to develop partnerships in the industrial sector (energy, steel, electrical equipment and smart meters) and in agriculture, particularly in the production of sugarcane and alcohol.

Henriques da Silva stressed that the investment focused on the province of Lunda Sul is part of the process of diversifying the economy and reducing regional disparities in Angola and added that his institution will support the subsequent stages of the project now launched with the signing of the agreement. (macauhub)