ANGOLA – Angola’s confectionery sector gains new investment following establishment of a new processing facility, Candy Factory Angola, at the Luanda-Bengo Special Economic Zone (ZEE).
Constructed at a cost of 15 billion Kwanzas (US$34.9m), the new state-of-the-art manufacturing facility is set to have a processing capacity of 6,700 tons of sweets per year, guaranteed by three processing lines equipped with latest technologies.
Quality and safety assessments have already been completed at the facility, paving way for launch of the company’s sambapitos, sweets and chewing gum under the Oko brand, targeting both the local and international market.
Once fully operational, Candy Factory is set to create over 350 direct and indirect jobs by the end of the year.
The company is expected to commence operations next month. It will join the newly built US$45m Dulceria Nacional factory, producing wide range of biscuits, candy and chocolates brands.
Dulceria Nacional is a partnership between Arcor Group, a leading Argentinian multinational confectionery company and Webcor Group, one of Angola’s major food manufacturing entities.
Located at Viana’s Industrial Complex in Luanda and extending over more than 11,500 m2, Dulceria is a world-class production facility fashioned with state-of-the-art equipment.
It has three production line with one set to produces the famous Bon o Bon chocolate at a rate of 3,500 tons per year.
Soon, it will start producing cookies with a capacity of 7,000 tons, as well as sweets with a capacity of 5,000 tons per year.
With this, Dulceria Nacional will supply the Angolan market and, with establishment of the second phase, the company is eyeing other sub-Saharan markets such as South Africa, Mozambique, Congo, Namibia, Zambia and Botswana.
Currently it has a team of more than 150 employees, supported by qualified and experienced technicians and operators from Argentina, Brazil and Italy.
The total number of personal is expected to reach 500 people once all production lines are working at full capacity.
The two investments in the confectionery sector are timely as the market in Angola is projected to grow at a compound annual growth rate (CAGR) of 8.7% over the analysis period of 2021 to 2027, according to data and analytics company StrategyHelix.
Increasing availability of different varieties of candies and chocolates, rise in trend of gifting confectionery, and rising disposable income are the key factors driving market growth.