Ver Angola


Spanish company with eyes set on Angola. Entity shows interest in investing 10 million euros in the country

The Spanish Fernando Castro, a family winery founded in 1850 in Spain, showed interest in making an investment, worth more than 10 million euros, in Angola. With a team on Angolan soil since the end of last year, to analyze conditions for advancing with the investment, the company has in its sights the production of wine and olives.


According to the company's plans, the money will be directed to the construction of two factories in Angola: one for wine and the other for olives.

According to Valor Económico, the company found favorable weather conditions in the provinces of Huíla and Namibe, demonstrating intentions to grow vines and olives as well as produce organic fertilizer.

However, the transition from paper to action is subject to dialogues with government entities, in the sense of being able to access land, among other important aspects to settle in Angola.

Maria Alexandre, director for opening international markets, quoted by Valor Económico, said that the company is "looking for this possibility".

"It would be very interesting to be able to talk to the Government," she added.

According to Valor Económico, the company currently has a financing commitment from Deutsche Bank of Spain.

If the investment goes ahead, these will be the first units to be built outside Spain.

The official makes a positive prognosis, considering that the bet on the training of farmers and the generation of jobs will bring favorable results.

Maria Alexandre also explained that at the moment they are "supplying wine in bulk to Portugal, they bottle it and sell it to Angola as if it were their product". However, the aim is to "do this process directly".


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