Investments in the Capanda Hub, in Angola, still far from projections

29 December 2017

Investments already made in infrastructure at the Capanda Agro-industrial Complex in the province of Malange amount to US$180 million, about 30% of a projection of US$600 million, said the chairman of the board of directors of the project’s management company.


Carlos Fernandes also told TV Zimbo that, since it was implemented in 2012 by the Development Company of the Capanda Agro-industrial Hub (Sodepac), 162 kilometres of internal roads, 173 kilometres of electricity distribution network have been built as well as the expansion of the electricity substations of Cacuso and Malanje.


Fernandes said that an operation to increase the capacity of the Capanda substation is under way, which is expected to increase the number of anchor companies attracted to the Hub, the most important of which are Angolan bioenergy company Biocom, as well as the Pungo-a-Ndongo and PedrasNegras farms.


According to state newspaper Jornal de Angola, the chairman of the management company mentioned the lack of water supply and some infrastructure as the most critical factors holding back the development of integrated projects in the Capanda Agro-industrial Hub.


The chairman of the board of directors of Sodepac said that there are 30 projects installed in the Capanda Agro-industrial Hub, with a total investment of US$1.2 billion and a production potential of around 5 million tons per year, providing 7,900 jobs.


The companies are located in an area of about 152,684 hectares, 52% taken up by agriculture, involving intensive crops such as cassava and sugar cane, at Biocom, but the Hub has 411,000 hectares available, where 293,000 hectares are dedicated to agriculture, 100,000 to environmental preservation, 10,000 to areas unsuitable for agriculture, and 5,000 for housing.


Sodepac is specialised in agribusiness, leading social and economic programmes such as the implementation of the Agro Vilas programme in the interior of the Hub, which comprises 196 villages with 175,000 inhabitants. (macauhub)