Angop - Agência de Notícias Angola Press

Czech bank supports agribusiness projects in Lunda Sul

Thu, 17 May 2018 08:50 - Economy

Saurimo - The Czech Export Bank expects to fund several agro-industrial projects in the eastern province of Lunda Sul this year, with a total of US $ 95 million in the first phase.

  • Refriango Plant

The information was provided to the press Wednesday by Frantigek Jindler, the representative of the department of the Czech Export Bank for project financing in Africa, at the end of a meeting with the provincial governor, Ernesto Kiteculo and members of the government.

Angola's spokesperson and promoter of the Angolan investors, Inglês Pinto, informed that, in addition to Angolans, the Czech businessmen are also part of the projects, investing in agriculture, fertilizer production, beer, cooking oil and juices.

Governor Ernesto Kiteculo said on the occasion that the province is open to investments and has available young people eager to work underlining that 80 percent of this work force is unemployed and needs to be technically qualified to contribute positively to the development of the region and the country in general.