Ann: Quarterly Activities Report and Appendix 4C, page-515

The fertilizer plant which will be located in Soyo, a mineral-rich part of Angola with easy access to natural gas, energy, water and a commercial port, will serve to boost industrialization, provide increased food security and position Angola as the food basket of the region.

In an ever evolving and often volatile world of trade, local fertilizer production will help mitigate shortages caused by supply chain disruptions and rising prices. It will also reduce the huge foreign exchange expenditure that Angola is currently incurring from the importation of fertilizers. Additionally, the plant is expected to create approximately 4,700 jobs, 3,500 of which will be during the construction phase and 1,200 jobs when the plant is operational.

Transformational for Angola - Game changer