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Food Life invests 2.5 million in a factory that could open later this year

Food Life, a national company dedicated to food distribution, invested 2.5 million dollars in a rice and bean processing plant, which could open later this year. The announcement was made by the company's executive director, Isaac Cangundo.


The official, in an interview with Forbes África Lusófona, revealed that Food Life may open, in November this year, its first factory for processing rice and beans produced in the country.

The equipment for the future factory has already been paid for and is currently being built in Italy and Brazil, he said.

Regarding jobs, at the moment, the company has 15 workers. However, the start-up of the new factory is expected to increase that number to 40 employees.

Cited by Forbes, Isaac Cangundo also said he was "personally engaged in the grain transformation project": "I am personally engaged in the grain transformation project with the aim of adding value and giving them the quality desired by consumers".

He added that the company's initiative is in line with the Government's purposes and will produce "high quality results".

"We intend to be the first company in the food sector in the country that bets 100 percent on national production, which gives space to local farmers to be able to sell their products, without worries, and we process them and export them to other countries", he also told Forbes.

In his interview, Isaac Cangundo also took the opportunity to talk about the billing prospects for this year, indicating that the company expects to reach a turnover of around 10 million dollars by the end of this year.

To this end, the company's executive director said that this objective could be achieved as a result of a "well-defined" strategic plan to enable Food Life to "grow in a robust and sustainable way", also counting on the dedication of "a management team qualified, well-prepared technicians and a governance system with international standards", writes Forbes.

Last year, the company started in the food sector with its own brand called Uwayele – which it decided to take as an innovation to FILDA – and will have invoiced around 4.5 million dollars in seven months, in a list of clients that covers a large commercial surfaces and some State entities.

Isaac Cangundo classified the current economic year as "positive", despite identifying that "the war between Russia and Ukraine is having a considerable impact on the world food sector".

He also considered that the food industry in the country is competitive and that "only competitive companies can survive and operate successfully".

This year, the company participated for the second time in a row at FILDA, where it presented a new five-kilogram package.


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