Brazilian group plans to build factory in Angola

9 February 2017

A business group from Brazil plans to install a food processing factory in Angola, said on Wednesday in Luanda the Brazilian ambassador to Angola, Paulino Franco de Carvalho Neto, quoted by Angolan news agency Angop.

The ambassador said at the end of a courtesy visit to the President of the National Assembly, Fernando da Piedade Dias dos Santos, that this is a large company that already exports to Angola “but now intends to install a supply hub in the country and in the future, a plant for processing food.”

Paulino Neto said that Brazil has, in the last two years experienced an economic recession, but added that the economy was already showing signs of growth and reduction of inflation, allowing Brazilian companies to take part in direct investment processes in other countries, and pointed Angola as one of the priorities.

The ambassador also said that Brazil intends to intensify economic relations with Angola, particularly through direct investment, a factor which may contribute to Angola’s economic diversification.

The meeting also discussed the issue of facilities for granting visas to citizens of both countries, both for tourism and for medical treatment or education. (macauhub)

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