Private investors putting US$75.15 mln into Angolan industry

Private investors have signed eight new agreements to put a total of US$75.15 million into various industries in Angola, Angop reports.

The Angolan news agency says the money will be invested in facilities for producing zinc sheets, steel tubes, disposable nappies and detergents, and for processing food and milk.

The report says the facilities will be in the provinces of Luanda, Benguela and Cabinda.

It says 70 percent of the total will be invested by Angolans, and that the investments could create 203 jobs, 191 of them for Angolans.

Last year private investors signed 87 agreements to put a total of US$180 million into Angolan industry, Angop says.