Luanda – Endiama E.P and RGS Group Holding will invest, over the next five years, over US$4 billion (2.5 billion kwanzas) in an agri-industrial project in the provinces of Lunda Sul, Lunda Norte and Moxico, with a view to boosting the economy of eastern Angola.

The project presented today in Luanda, will be implemented in the east of Angola, in an area of over 150,000 hectares, and after completion will provide 60,000 jobs.

Speaking at the event, the Minister for Mineral Resources, Oil and Gas, Diamantino Azevedo, said that the initiative was part of Endiama E.P.’s social responsibility and “figure as a historic action that should have been taken many years ago.

On the occasion, the Chairman of the Board of Directors of Endiama, Manuel Ganga Junior, clarified that the project will have, in its genesis, food products of the basic food basket, fruit trees, palm trees and trees of economic value, that will allow, within a few years, the harvesting of fruit and the extraction of palm oil.

Source: Angola Press News Agency