According to Monpara, the objective is to implement a sugar mill in the country, with a view to helping reduce imports. "The objective is to implement the sugar factory here and not depend on imports to produce everything here (...)", he pointed out, in statements to the press, quoted by Rádio Nacional de Angola.
He added that the aim is to invest "300 to 400 million dollars initially", as well as "avoid sugar imports".
The president of the Modern group also reported that the future factory will be capable of producing 10,000 tons of crushed sugar per day, corresponding, on average, to one ton of raw sugar per day.
"This factory will produce 10,000 tons of sugar conversion per day," he said, quoted by RNA.
The group is made up of more than five companies operating in different sectors. According to Angop, in Ugandan territory, the conglomerate has two factories in the sugar production sector, however, alongside this industry, it also operates in sectors such as ceramics, fertilizers, among others.
Angola currently generates about 40 percent of its sugar demand, forcing it to spend approximately 20 million dollars a month on imports.
