Angola: Lumege – Sociedade Comercial to build beer factory

A pool of three Angolan commercial banks have released four million US Dollars to Lumege company for the construction of a beer and mineral water factory in north-eastern Lunda-Sul province this year, All Africa published April 10.

The Banco de Poupança e Crédito (BPC), Banco Comercial Angolano (BCA) and Banco de Comércio e Indústria (BCI), signed an agreement at weekend in Saurimo city, during a visit to the site where the factories will be built.

The agreement was signed by Paixão Junior and Adriano Pascoal, BPC and BCI managing boards chairmen, while Gerald Jordan, BCA administrator, signed for his institution.

Lumege-Business Society Limited is an Angolan business group that works in partnership with "WTI" Ltd of South Africa, that will invest USD 11 million in equipment for that project.

According to the officials, the factory will provide more than 100 direct jobs to local citizens.

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