- A beverage-can making plant expected to have a capacity of producing 700 million cans annually will be built in Angola.
The Nampak project, which will be built in Viana, near the capital Luanda, will complete by the middle of 2009.
The company supplies approximately two-thirds of Angola's beverage-can market [estimated at 600 million units annually].
SABMiller Plc, the world's third largest brewer that holds the Coca-Cola license for Angola, is among the customers of Nampak.
The end of war has been a blessing for Angola where foreign investors are continuously scrambling for investment opportunities.
Several Spanish investors are currently in the country in search of business opportunities in fishing, infrastructure, telecommunications and energy.
Spanish private funding in Angola channelled into health, energy, machinery and equipment, totalled over US $1 billion in 2003.
In a separate development, Galp Energia of Portugal will soon forge a joint venture with Sonangol, Angolan oil company, for fuel distribution in Angola. Sonangalp is the name chosen for the joint venture.
Under the deal, the Portuguese company gains 65% of shares in Sonangalp after buying 16% of the capital from its Angolan partner.
Sonangalp sold over 65 million litters of lubricants and liquid petroleum gas.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
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