Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Agriculture

Angola : two firms get $112 million from TUPI

Monday, 30 May 2016 19:19

(Ecofin Agency) - In Angola, the government has reinforced its support to the agro-industrial sector. The Technical Unit for Private Investment has just signed two agreements with local firms to boost agro-industrial processing in the country.

The first agreement, valued at $101 million, was signed with Angolan firm Grandes Moagens. It aims to allow the firm set up processing infrastructures and storage facilities for wheat flour. The country also wishes to deal with grain imports evaluated at $500 million annually, replacing it with local production. The company should be able to process 1,200 tons of wheat flour daily.

As for Agua de Nascente Natural Preciosa (Annp), it received $11 million to modernize its equipment. With a production capacity of 50,000 litres of mineral water, the firm currently faces some challenges due to the lack in components such as labels or plastic. This pushed Annp to reduce its working hoiurs.

Aaron Akinocho

 
Finance


 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.