Angolan company starts producing partially assembled mobile phones in Hong Kong

18 September 2017

Angolan company Lisa Pulsares will start producing mobile phones in a factory due to be inaugurated in 2018 that will have the capacity to manufacture 6 million units per year under an investment contract signed in Luanda on Friday, Angolan news agency Angop reported.

The project approved by the Technical Unit for Private Investment (UTIP) involves an investment of US$8.5 million, and the mobile phones will be produced in the Luanda plant from components partially assembled in Hong Kong and finished in Angola.

The company’s managers intend, in a second phase, to start producing tablets, according to the investment contract signed with the UTIP, which grants the company a number of tax benefits.

On Friday the UTIP signed six contracts with Angolan and foreign businessmen with a joint investment of US$34.7 million at an event attended by the Minister of Industry, Bernarda Martins.

The minister stressed the importance of these industrial projects for the economic diversification of Angola, currently focused on the production of oil and diamonds, and announced a number of other industrial initiatives that could be put into operation in the coming months.  (macauhub)