Deutsche Bank finances two Angolan industry and fisheries projects with 71.8 ME

Angolan companies Salinas de Calombolo and Alexabre’s House will benefit from financing totaling 71.8 million euros through a credit line from Deutsche Bank for projects to be developed in Benguela, promoters and the government announced on Monday 08 January.
With the intermediation of the Angolan Development Bank (BDA), the Salinas de Calombolo project has received funding of 24.8 million euros to set up the first caustic soda, calcium hypochlorite, and hydrochloric acid factory in Angola in Benguela province.
According to the executive director of the “Adérito Areias” group, promoter of the Salinas de Calombolo project, this factory will produce essential products for soap production and for preparing drinking water, among others.
“The country imports around 650 million dollars (601.5 million euros) worth of these products every year, so we are extremely pleased because, if all goes well, the factory will be producing within a year,” he said.
Salinas Calombolo occupies approximately 5,000 square meters and will generate 32 direct and permanent jobs, as well as having an impact on specialized training and creating opportunities in the national job market.
The second contract signed was with the Alexandre’s House project, also to be implemented in Benguela, with funding of just over 47 million euros for the supply and assembly of a warehouse for receiving, freezing, and processing fish in the municipality of Baia Farta.
Speaking to the press, the Secretary of State for the Economy congratulated the project promoters on the completion of the contracts, which are part of the Deutsche Bank credit line, signed in 2019, and which faced “some constraints in getting the financing contracts in place.”