Industry is set to benefit from an industrial hub worth US $350m to be constructed in in Lubango, Angola, making it the largest in the south of the country. This was announced by the CEO of Silvestre Tulumba e Investmentos (STI), the owners of the project.
The CEO, Silvestre Tulumba Kapose noted that finances for the project had been obtained through a partnership with Germany. The funds would be invested in the construction of a soft drinks plant, a brewery, dairy product factory, miller and a slaughter house which will all be in the industrial hub.
Tulumba also noted that the project would be complete in the coming four years and would help create over 2000 jobs.
STI Group was established 10 years ago in Lubango having a branch in Luanda. The company operates in the industries of real estate, hotels, care trade, spare parts and food distribution.
More news
- N2 rehabilitation project to be completed end of this year
- Siemens to build two gas-powered electricity plants in Libya
- International team unveil 76,000 m2 waterside development in Abu Dhabi
- Gift of the Givers to unveil aquifer project in drought-stricken Beaufort West
- Kenya: one million low cost houses to be constructed over the next five years
