ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » News » Economy

Wed, 05 Dec 2018 12:52 - Updated Wed, 05 Dec 2018 13:17

USD 25 million for sugar factory project needed

Lobito - At least USD 25 million is the amount needed for the Agro-Industrial Vista Alegre Firm of Alves & Irmão Group start assembling a sugar factory in Lobito, coastal Benguela province.

Send by email

To share this news by email, fill out the information below and click Send


To report errors in the texts of articles published, fill out the information below and click Send

Lobito: "Grupo Alves & Irmãos" headquarters

Photo: José Honório

The Farm's chairperson, Victor Manuel Alves, told Angop on Wednesday that the project has already been submitted to the Angolan Development Bank (BDA) for funding.

According to him, the intention is to create, on a phased basis, nearly two thousand direct and indirect jobs.

The project covers five thousand hectares of sugar cane in the commune of Cayave, municipality of Caimbambo, Benguela province.

Victor Manuel Alves did not reveal the planned production capacity.

But he clarified that the investments will be earmarked for acquisition of machines such as automatic planters from South Africa, Brazil and China to ensure income.

Read also
  • 30/11/2018 10:49:53

    Government wants modern and efficient transports sector

    Lobito - The Transports minister, Ricardo de Abreu, last Thursday in Lobito City, centre-west Benguela Province, defended the increase of synergies so that Angola can have a modern, efficient and sustainable transports sector as well as become a reference in terms of public-private partnerships.

  • 29/11/2018 18:26:12

    Railway transport under debate in Lobito

    Lobito - The role of Railway Transport in supporting economic diversification and regional integration tops the meeting of the tenth Consultative Council of the Ministry of Transport, opened Thursday in the city of Lobito, Coastal Benguela province.

  • 27/11/2018 16:36:33

    Angola’s domestic production data released in internet portal

    Luanda - Angola’s Ministry of Economy and Planning launched on Monday in Luanda, an internet portal dubbed the “National Production Portal” to disclose data on the country’s domestic production.