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Trade

Angola bets on cement exports to neighbouring countries. Revenue is expected to increase by 30 per cent

Angola plans, as of next month, to proceed with the export of cement glue to other African countries. The country initially estimates to export a total of 75 tons of the product, which should represent a 30 percent increase in revenues.

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The cement will be exported by the Angolan company Juntex - located in the Special Economic Zone Luanda/Bengo - which already has some countries interested in buying the product. This is the case of the Ivory Coast, which has already ordered 25 tons of cement glue from Angola.

The director of the company, Paulo Santos, told the Angolan newspaper Jornal de Angola that the Democratic Republic of Congo and Mozambique have also ordered cement. Each country has ordered 25 tons.

For now, the company has not yet started exporting due to some bureaucratic problems: "The beginning of the activity is depending on the resolution of some bureaucratic problems of exporting. As soon as everything is taken care of, we will put cement on the foreign market", he said.

Paulo Santos stressed that these commercial operations will increase the company's turnover by about 30 percent.

Currently the company's turnover is about 40 million kwanzas per month. However, when the plant is fully operational the turnover should rise to 200 million kwanzas per month.

Paulo Santos also says that this new bet should create around 40 new jobs.

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