Angolan companies invest in agricultural production

17 August 2017

Four Angolan companies will invest US$310 million in the production of grains, vegetables, fruits and meat at the Capanda Agroindustrial Centre (PAC), in Malanje province, under investment contracts signed on Wednesday in Cacuso.

The companies, Cimagro Lda, Odebrecht Angola Lda, APB Lda and Sagia will produce these products in an area of ​​35,000 hectares, which covers the municipalities of Cacuso, Malanje and Cangandala, regions included in the PAC.

The president of the Capanda Agroindustrial Hub Development Company (Sodepac), Carlos Fernandes, said at the signing of the contracts that with the start-up of the four companies the hub’s production will increase by about 5 million tonnes of products .

Carlos Alberto Jaime, the Angolan Secretary of State for Agriculture for the business sector, gave assurances that the government will create conditions for clearing brush and ensure the supply of electricity in agricultural areas and technical assistance to producers.

The Capanda Agro-industrial Hub occupies an area of ​​411,000 hectares, of which 292,000 is land with agricultural potential. (macauhub)