Malanje centre lands $324m

Investment

Angola will spend $324m on the Malanje agro-industrial centre located by the Capanda hydroelectric scheme. The aim is to revive agricultural and industrial development in the province that had been severely impacted by the civil war.

Currently, only cotton, cooking oil and rice processing factories are operational, along with mills, bakeries and cattle feed plants. A technical and economic viability study, to be carried out by the Brazilian firm Odebrecht, will identify what housing and industries need to be constructed. The aim is to radically boost economic development and employment opportunities in this northern inland province. Private investment is being encouraged to not only back agro-industrial projects but finance various consumer goods industries on the site which is managed by the provincial government and Angola's Ministries of Industry, Agriculture and Rural Development, and Energy and Water.

Copyright International Communications Aug/Sep 2007
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