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Angola: Equipment company wants to boost Angolan agricultural development

Posted by sonimanish Published on Thu, 2015-06-18 18:30
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News article

Date:
Thu, 2015-06-18 (All day)
Location:
Luanda, Angola
Wired:
financenewscoverage.com

The Company for marketing and distribution of agricultural equipment Agrozootec inaugurated on Wednesday in Luanda its new premises, a six-hectare space, close to the 11 de Novembro stadium at the Cacuaco-Benfica freeway, in a ceremony presided over by the Minister of Agriculture, Afonso Pedro Canga. ,

According to the Director General of Agrozootec, José Alexandre, the company, which is dedicated to the trading of tractors, agricultural tools, harvesters, generators, pivots and other equipment, has always believed that the future of the country entails the development of the agricultural sector, which is why this the firm invests in this segment to support large, medium and small farmers, with cutting-edge machinery and guaranteed post sale assistance.

In these new facilities, the company made an investment of at least three million dollars of its own funds and part with BIC bank funding.

This company started its activities five years ago, with a space for sale in the locality of Camama, with an investment of at least three million US dollars.

Given the existing demand in this business segment, the volume of business of the company, according to its director-general, José Alexandre, varied from four million in 2011 to 18 million US dollars in 2014.