Ver Angola


Induve invests 20 million in building flour processing factory

The Angolan Vegetable Oil Industry (Induve) decided to invest in the construction of a wheat flour processing plant. Induve has injected 20 million dollars into the construction of the new factory, which will create around 125 new direct jobs.


This investment aims to help the sector and thus put an end to the shortage problems that the flour sector has suffered on the market: the country currently produces 420 000 tonnes of flour, but production needs to be increased to 520 000 tonnes. Its main objective is also to put an end to imports of wheat flour.

The idea with this new factory is, from next year, to be able to process 700 tons per day, making an average of around 255,500 tons per year.

In a statement to the Angop agency, Induve's financial administrator, Kidy Aragão, explained that the investment value is around 20 million dollars because part of the plant's structure is already standing, otherwise the construction would be around 35 million dollars: "A good part of the factory project already exists, I speak in terms of rustic building and some infrastructures that already exist, because if it were starting from scratch we would not be talking about this value".

The agency also said that 50 per cent of the money invested came to Induve through funding from the BIC bank. The remaining 50 per cent concerns company money.

For now the foundations will be built for the infrastructure to store the wheat in good condition. "We can't think of a food reserve in the wheat flour that has only a maximum period of 4 to 6 months, because then the flour doesn't have the same quality. But think about food reserves and have the grain that could take two years if it is well stored," he said.

As for the production of wheat to process the flour, the administrator said that for now it will continue to be imported, since national production cannot meet the needs of the country. "There are already some farmers producing wheat, but its packaging and disposal continue to jeopardize production," he said.

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