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South African businessmen interested in investing in Angola's agricultural sector

South African businessmen who operate in the sectors of agriculture, livestock and infrastructure are interested in investing in Angola. The strengthening of relations between the two countries aims to promote production for domestic consumption and export and to improve the country's infrastructure, thus increasing the quality of life of Angolans.

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The interest was shown in a meeting between the Ambassador Extraordinary and Plenipotentiary of the Republic of Angola in South Africa, Filomena Delgado, André Botha, director of operations of Agri All Africa, and the CEO of the Trooper group, John Kayira.

At the meeting, the businessmen showed interest in working together with Angolan producers, promoting the agricultural sector.

In a statement, cited by Mercado, the Angolan Embassy in South Africa explains that the partnership aims to boost production for domestic consumption and export and improve the country's infrastructure, thus increasing the quality of life of Angolans.

Business opportunities, according to the same newspaper, stand out in Cabinda, where there are prospects for betting on relaunching cocoa and corn production and boosting poultry and pork farming.

Among the companies that have shown interest in creating business relations with Angola is Agri All Africa, considered to be one of the biggest agricultural business companies in Africa, and the Trooper Group, which wants to move forward with projects that ensure food security in Angola.

According to Mercado, this company wants to make an immediate investment of 525 million dollars. The Trooper Group, which is linked to several South African investment funds, plans to cultivate about 60,000 hectares, aiming to produce 300,000 tons of corn and 90,000 tons of soybeans.

The meeting with the ambassador is part of the "contacts initiated in early 2020" with South African investors. According to the embassy's note, these contacts were "interrupted due to the severe framework of the covid-19 pandemic, which at the time, forced the closure of several institutions and of air and land borders, thus hindering the travel of exploratory missions to Angola.