Brazilian company to build ethanol plant in Africa

By | November 01, 2003
The Gazeta Mercantil Invest News reported that Brazil will invest $100 million in the construction of an ethanol plant in Angola, Africa. Collaboration on the project, located in Angola's capital city Luanda, will spur the opening of a Bank of Brazil branch in Angola and strengthen connections between the two countries, according to The Mercantil Invest News. Brazil is currently Angola's third biggest supplier, accounting for 12 percent of the country's imports. Last year, Brazil's exports to Angola totaled $199 million. EP