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