Luanda-based conglomerate, OPAIA Group, founded by Angolan businessman Agostinho Kapaia, has been named a strategic sponsor in the recently signed $1.4 billion credit facility aimed at establishing a major fertilizer plant in Angola.
The $1.4 billion funding, arranged by the African Export-Import Bank (Afreximbank) and Amufert SA , is expected to significantly enhance the nation's agricultural infrastructure and economic diversification.
The credit facility aims to diversify Angola's economy from oil to a broader industrial base. The fertilizer plant, to be located in Soyo, benefiting from natural resources and strategic access to gas, water, and a port, will enhance food security and generate 4,700 jobs - 3,500 in construction and 1,200 permanent positions.
A strategic collaboration for industrial growthAs a key player in the project, OPAIA Group joins Sonangol Natural Gas (Sonagas) in sponsoring the initiative. Afreximbank, serving as the Mandated Lead Arranger, is spearheading the debt funding while also providing crucial support in raising equity through its Advisory and Capital Markets unit.
