The fertilizer industrial complex in Soyo, whose foundation stone will be laid on 28 June, will be the first unit of its kind built in Angola and in southern and central Africa, designed for the production of granulated urea, according to a statement from the promoters.
So far, only Nigeria, Gabon and Egypt have fertilizer plants in Africa.
Speaking to Lusa, the project coordinator and director of Opaia Indústria, Adriano Lamas, said that the disbursement of the loan, financed by a consortium of banks led by Afreximbank, will be carried out over the nearly four years of construction of the complex, whose Completion is scheduled for the third quarter of 2026.
The factory will have the capacity to produce 3,500 tons of urea per day, allowing it to meet the needs of the domestic market.
Part of the production will be destined for preferential foreign markets, mainly in the African region, but it may also reach other areas of the globe such as Latin America, revealed the official.
According to Adriano Lamas, the factory will create 3200 jobs in the construction phase and 1500 in the production phase, both direct and indirect.
Urea is a chemical compound in the form of white crystals that has the highest nitrogen content (46 percent) soluble in water.
In addition, nitrates do not accumulate in the crop, it allows rapid growth of the vegetative mass, increases crop yields and the protein content in cereal grains, being an environmentally friendly fertilizer that does not acidify the soil, says the note.
The project aims to meet the objective of supplying the deficit of 1200 thousand tons of fertilizers only in the southern African region that includes 15 countries: South Africa, Angola, Botswana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Democratic Republic Congo, Seychelles, Swaziland, Tanzania, Zambia and Zimbabwe.
Afreximbank, a pan-African multilateral financial institution, also relies on technical advice from Saipem, which was involved in a similar initiative in Nigeria, for this project.