Monday, 07 March 2016

Angonabeiro expands export markets of Angolan coffee

Angonabeiro has started exporting Angolan Ginga branded coffee to Senegal after being launching exports to the Cape Verdean market, the company said. “Café Ginga”, along with Delta and Delta Cafes Q, are the three brands of coffee owned by Angonabeiro, a subsidiary of Portuguese group Nabeiro, a leader in the coffee market in Portugal, Angola and Mozambique. In 2015 the Portuguese group invested about US$1 million in the acquisition of the entire capital of Angolan public company Liangol, which it had managed for 14 years, after having recovered and modernised it. Angola was once the world’s fourth largest coffee producer, producing 200,000 tons per year before 1975. Production now stands at less than 5 percent of that amount due to plantations being abandoned as a result of the civil war that followed Angola’s independence from Portugal.

Source: MacauHub