Ver Angola

Industry

Minister of Economy and Planning opens two new factories in the ZEE

The Minister of Economy and Planning, Mário Caetano João, carried out last Friday the inauguration of two new factories in the Special Economic Zone (ZEE), under the Asset Privatization Program (Propriv). At stake are the ICC Angola and Emadel units.

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According to a statement from the ZEE, to which VerAngola had access, ICC Angola had an investment of around 4,358,610,000.00 kwanzas, creating more than 70 direct jobs and more than 100 indirect ones.

"ICC Angola carries out an investment estimated at around 4,358,610,000.00 kwanzas in this new unit, creating more than 70 direct jobs and more than 100 indirect jobs", it can be read in the note, which also adds that this factory will have "a production volume of 5000 tons per year, with southern Africa as an export market".

In turn, Emadel results from an investment of over 10 million dollars in new equipment, currently employing more than 150 people. "Emadel, the result of an investment of over 10 million dollars in new equipment, in the acquired unit, now employs more than 150 workers in the factory that, before privatization, employed just over 70 people", says the statement.

On the occasion, António Henriques da Silva, chairman of the Board of Directors of the ZEE, stressed that "these investments are proof of investor confidence and of the opportunities that the Angolan and African markets offer".

Cited in the note, he also said that "ZEE has an investor support service, where public and private institutions linked to the management of tax matters, import and export, social security, the Company's Single Window, energy, water, among others operate. ".

The official also stressed that "since 2018, 10 new production units have been inaugurated in the ZEE, three of which had the honor of being inaugurated" by the President, João Lourenço.

The ceremony was attended by members of the Executive as well as representatives of the Institute for the Management of State Assets and Shares (IGAPE), among others.

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