Sat, 28 Dec 2019 12:45 - Updated Sat, 28 Dec 2019 12:45
Sinotrans invests over USD 30 million in Angola
Lobito - The investment by the Chinese logistics company Sinotrans in Angola has already exceeded USD 30 million in the last eleven years, said Friday in Lobito, its deputy general director Tchum Long Ning.
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
Benguela: Tchum Long Ning, deputy general director of Sinotrans (right) and Luís Teixeira, CEO of CFB
Photo: Cortesia do GCII do CFB
The official was speaking at the ceremony of delivery of the first batch of 60 wagons supplied to the Benguela Railway (CFB) by Sinotrans Angola.
Tchum Long Ning said that with the strong support of the Government and various partners, the Chinese company has seen significant growth since it entered Angolan territory in 2008.
He also indicated that the “very significant” investment is associated with several projects, the most recent being the production in China of 60 freight wagons for CFB and the implementation in Luanda of a logistics support warehouse for other provinces.
The Chinese official noted that Sinotrans was a partner of the state in the construction of Kilamba, Sequele and other centralities throughout the country, having worked in the logistics of goods from China for the implementation of these projects linked to the Angolan state.
On the other hand, he announced that the investment cooperation between Sinotrans and the Benguela Railway should be raised to a reference model in terms of public-private partnership in Angola.
- 25/12/2019 13:20:17
Ganda - The Ganda Municipality in the centre-west Benguela Province intends to invest in coffee crops and make it reach levels of production similar to the heyday of the decade of 1970 in which production would reach 200 tonnes annually, instead of the present 10 tonnes.
- 18/12/2019 18:24:44
Luanda - Chinese company Dongfang Huaqiang - Commerce and Service announced today (Wednesday) in Viana district, Luanda, its intention to be the link between the Asian country and Angola, to boost and develop the electronics and home appliances industry.
- 06/12/2019 19:02:03
Luanda - The International Monetary Fund (IMF) approved Thursday, 05, the third grant to Angola of USD 247 million, out of a total of USD 1.48 billion, in the framework of the reform programme agreed with the Angolan Government, ANGOP learned from an institutional source.