Sino Agro Food, Inc. has signed a memorandum of understanding with Angolan company Nortus Aquacultura e Pesca, Lda for the development of an aquaculture project in the country, the group said in a statement.
The document signed by the two groups will be used to request that the necessary financing for the development of the project be included by the Angolan authorities in the line of credit granted by China.
The vertical integration system to be built will be modelled on the Chinese group’s Aquafarms no. 4 and 5, with annual production of 60,000 tons of fish and shellfish, including tilapia, African catfish and Malayan tiger shrimp, as well as 150,000 tons of feed and fruit and vegetables.
Rui Sancho, director of Nortus, said the project will use land with access to water sources in the municipalities of Porto Amboim and Cela in the province of Kwanza Sul and Ambaca in Kwanza Norte.
The director of the Angolan company said that in a future phase it is possible that this project will be expanded, namely to Tigres Bay, Namibe province, in southern Angola. (macauhub)