GUANZHOU, CHINA — Sino Agro Food, Inc. signed an agreement with Nortus, Lda. for construction of an aquafarm in Angola.
Sino Agro will work with Nortus Aquacultura e Pesca, Lda, to develop a vertically integrated farming system in Angola modeled after the conceptual plan of Sino Agro’s Aquafarms 4 and 5.
The aquaculture farm will produce 150,000 tonnes of feed and fruits and vegetables per year and 60,000 tonnes of seafood per year, including tilapia, African catfish and Malaysian tiger prawns.
In addition to production farms and training, the plan calls for both upstream and downstream assets, including hatcheries, feed mills, marketing, distribution and export. The companies will request inclusion in the China Credit Line to Angola within the framework of existing excellent relations between the two countries.
SIAF will conduct the project deployment operations.
“Nortus, Lda appreciates SIAF’s great experience and know how in the development of projects to reach the full potential of Angola’s ambitions to improve the food diet of the populations of Angola, other parts of Africa, and to export surplus product,” said Nortus, Lda. Principal Rui Sancho. “The project will utilize identified extensive arable land with clean water springs in the municipalities of Porto Amboim and Cela in Kwanza Sul, Angola, and Ambaca in Kwanza Norte, Angola. In the future, the project may be expanded to other locations; namely, the Tiger’s Bay Development Plan in Namibe, Angola.”
Capital Award, Sino Agro Food’s wholly owned subsidiary, has knowledge and experience developing this kind of aquaculture assets envisioned in Angola, said Solomon Lee, chief executive officer of Sino Agro Foods.
“For some time, Capital Award has evaluated opportunities to export its expertise,” he said. “This opportunity presents the best set of commitments to proceed.”