China’s investments in Angola make it possible to reduce imports

6 June 2017

Investments in Angola by Chinese business people have reduced imports of various products, ranging from construction materials and motorbikes to eggs, according to representatives of the Angola-China Chamber of Commerce (CAC).

During recent visits to several companies operating in the municipality of Cacuaco, in Luanda province, CAC representatives, quoted by state newspaper Jornal de Angola, found that the manufacturing units set up by Chinese entrepreneurs had put 12 finished products on the market, such as animal feed, furniture, wooden boards, four models of motorcycles, sofas, mattresses and steel rods for the building industry.

Investments made by the Guangde International group allowed the construction of a poultry unit, where every day 100 boxes of 360 eggs are currently produced, with production expected to increase to 130 boxes per day, as well as animal feed and 1 tonne of mushrooms per day.

The same group is also involved in the production of 9,000 metres of zinc sheets per day in another unit, where it also produces 300 steel rods per day and in another factory produces 20 armchairs and 200 mattresses daily.

The Agir Huang company, which is 60% Angolan-and 40% Chinese-owned, assembles 110 Lin King branded motorcycles and three-wheelers.

The most important markets for this company are in the provinces of Uíge, Huambo, Cuanza Sul, Benguela, Malanje and Bié, said its Angolan manager Luís Gourgel. (macauhub)

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