ANGOLA – Two industry players, Grupo Carrinho and Inalca Angola, have recently inked an agreement in Luanda to establish a manufacturing unit for canned meat production, boasting a capacity of 10 thousand tons per year.
The collaborative effort, which is part of a project with a hefty investment exceeding US$16M, is set to revitalize the former industrial site of Ex-Frescangol owned by Inalca Angola.
This ambitious undertaking aims to create approximately 500 job opportunities and foster economic prosperity for the residents of the Municipality of Cazenga.
According to a press release, the agreement outlines plans to kickstart operations with a focus on canned meat production, specifically beef and pork.
Subsequently, the venture will transition to industrial processing and meat transformation.
The establishment of the new manufacturing unit seeks to enhance and stimulate local meat production, underscoring the commitment of both entities to economic growth, sustainable development, and job creation in Angola.
Furthermore, the factory is poised to reduce dependence on imported canned meat, thereby bolstering the activity and production of local farmers and meat producers.
The partnership between Inalca Group and Carrinho Group, renowned for their expertise and industrial acumen in various agro-food sectors, signifies a concerted effort to drive Angolan local production forward.
Acting as catalysts and key stakeholders in the primary sector, both entities are poised to play a pivotal role in enhancing Angola’s economic landscape.
Angola’s Food market revenue in 2024 is estimated at US$21.25B, with an anticipated annual growth rate of 10.87% between 2024 and 2028.
The meat segment accounts for the largest market volume, totaling US$4.14B in 2024.
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