As the economic crisis in Angola continues, disinvestment in oil and civil construction sectors has seen Chinese investors in the country turning their attention to agriculture, according to the vice-president of the Angola-China Chamber of Commerce (CAC), Francisco Chen.
He was quoted by Angolan media as saying that agriculture was one of the most promising sectors, highlighting that an agricultural product was currently being developed in Chicala-Cholohanga municipality in the Huambo province.
The US$15-million project, currently in its initial phase, is being implemented by Jiangsu Jiangzhou Agricultural Science & Technology Development Co which has already planted 800 hectares of maize, 200 hectares of soybeans, 25 hectares of rice, and two hectares of sisal. The next phase will focus on livestock.