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SFT-Angola will build a cold store in Malanje. Project is valued at around five million

SFT-Angola's plans for this year include the construction of a cold store in Malanje. Estimated at around five million dollars, the project will be able to conserve 20,000 tonnes of fish and other products.

: Frank Herfort
Frank Herfort  

According to António Gama Júnior, executive director, the site chosen to build, still this year, the infrastructure is located next to the railway line. This decision was strategic, since the company's products will be shipped by train.

Speaking to the newspaper Mercado, the official informed that the land for the implementation of the warehouse had already been granted by the government of Malanje, which was satisfied with the construction of a project of that size, which will also benefit the east of Angola.

António Gama Júnior, quoted by the same newspaper, considered that the cost of fish and other fish will be influenced by the cold store, and the idea will be to sell the items at values ​​equal to those applied in the capital, since the company will assume the commitment to bear the operating costs.

He also took the opportunity to mention that the company has a market share of around 25 percent of all fish consumed in Angola, but that it wants to increase that number, in order to better respond to consumer needs.

He also mentioned the impacts of the economic crisis that hit the country in 2014 as well as the covid-19 pandemic. He explained that although the company was able to withstand these consequences, it faced several obstacles, such as the Value Added Tax (VAT) rate and inflation.

"We had great difficulties with the VAT, but the business associations with the Executive managed to create mechanisms that allowed the reduction of the rate to seven percent", he said, in statements to the Market.

Still in economic terms, he classified last year as narrower due to the increase in costs due to inflation, but he was confident for this year, considering that the company has been resistant: "We are proud to belong to the list of major contributors. It is the only fishing firm in the midst of large oil and telecommunications companies."

SFT-Angola has more than 300 employees, most of them national.

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