The Sovereign Wealth Fund of Angola (FSDEA), in partnership...

 The Sovereign Wealth Fund of Angola (FSDEA) on Monday, 15...

The Chairman of the Board of the Sovereign Wealth Fund of Angola...

The Comandante Bula Textile Factory, formerly SATEC, located in the Municipality of Cambambe, received on Wednesday, December 10, a visit from a delegation of Brazilian business leaders, as part of the agricultural cooperation agreement signed between Angola and Brazil. The delegation was welcomed by the Executive Administrator of the Sovereign Wealth Fund of Angola (FSDEA), Gabriel da Silva, who highlighted the strategic relevance of the unit for revitalising the national textile industry. The Municipal Administrator of Cambambe, Maria Bafutidi, also welcomed the delegation, emphasising the importance of the factory for local economic development and job creation. The infrastructure, under FSDEA management, is currently undergoing evaluation for its full reactivation. According to preliminary technical estimates, the unit’s full operation could create around 5,000 direct jobs, significantly boosting the cotton value chain and the relaunch of Angola’s textile sector. During the tour of the factory’s various sectors, the Brazilian entrepreneurs expressed their appreciation for the scale, condition, and productive potential of the facility, showing openness to future partnerships and investment opportunities. The Advisor to the Brazilian Minister of Agriculture, Carlos Augustin Teti, explained that the mission aims to identify cooperation mechanisms capable of supporting the revival of Angola’s cotton industry.

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