Home / Economy / New Angolan beverage plant approved for development

New Angolan beverage plant approved for development

 

– Grupo Sun Ocean Lda is a project in Angola’s beverage sector with capacity to produce, package and distribute juice, water and wine with significant capacity to contribute to positive economic and social impacts in Angola

BY Pat PA Okon

 

A company (“Grupo Sun Ocean Lda.”) formed by Sun Ocean Holdings Ltd., a local partner with extensive experience in the Angolan market, Embasa (Equatorial Guinea) and QG African Infrastructure 1 LP has received formal approval from UTIP (Technical Unit for Private Investment) in Angola. Grupo Sun Ocean Lda is a project in Angola’s beverage sector with capacity to produce, package and distribute juice, water and wine with significant capacity to contribute to positive economic and social impacts in Angola.
UTIP, whose function is to receive, analyse and manage private investment, took into consideration the socio-economic justification of the project within the Angolan context, in particular, for the beverage sector in the country. In addition, the approval provides a green light for the projects financial model and feasibility assessment.


Martin Bachmann, Group Head Active Management, Quantum Global Group (www.QuantumGlobalGroup.com) commented: “I am truly delighted about the creation of this project [Grupo Sun Ocean Lda.] and to receive the approval of UTIP. We thank UTIP’s Board as well as our new partners in Grupo Sun Ocean Lda for their commitment. Quantum Global is excited to be investing in a sector which will contribute greatly to Angola’s drink and beverage sector as well as the diversification of the Angolan economy.”
Once fully operational, Grupo Sun Ocean Lda. has a target output of over 80 million litres annually and will employ over 400 employees. The company will occupy a unique position in Angola’s drinks and beverage market, in a country that has shown significant progress in increasing wealth, macroeconomic stability and economic diversification in recent years.

Working to develop local juice, water and wine production and packaging capacity in Angola, initially serving the Luanda market and other nearby provinces in Angola, Grupo Sun Ocean Lda. is well positioned to contribute to the stability and on-going development of the country’s drink and beverage sector as well as the significant creation of new jobs and comprehensive supply chains.

 

x

Check Also

Seamfix Set to Unveil BioRegistra, an Innovative Data Capture & Identity Management Solution

  BY Napoleon Azeez   SEAMFIX, Nigeria’s leading provider of identity management solutions, has announced plans to unveil an innovative ...

Lagos slumps as travel to Africa displays double-digit growth

  POSTED BY Pat PA Okon   AN analysis of seat capacity for travel to the top ten international airports ...

Victor Bala: Adventures of a man “with no religion.”

  BY Grace Awo Ibrahim   INTRODUCTION: THE MAN FROM ARDOKOLA   VICTOR Bala Kona is the chairman of the ...

iflix Secures Additional $133 Million Funding, Led by Hearst

  BY Pat PA Okon   IFLIX (www.iflix.com), the world’s leading Subscription Video on Demand (SVoD) service for emerging markets, ...

PayU Nigeria introduces a convenient payment solution for recurring bills

  BY Pat PA Okon   PAYU NIGERIA (www.PayU.com.ng) introduces PayU Subscription, a convenient payment method which allows merchants to ...