Luanda — The Angolan dairy firm "Lactiangol" intends to apply for a long term credit line enabling it to make big investments, Angop learned.

This is intended for the transfer of the plant from Kilamba Kiaxi district to Viana and its modernisation, without being subject to financial pressures.

Speaking to ANGOP Wednesday, Lactiangol managing board chairman, José César Macedo, said that the emergence of new medium and long term credit lines at Angolan market is an efficient way to ensure investments and consequent economic growth of the firms of the national productive sector.

According to the official, Lactiangol that all along applied for two thirds of the value of its investments, considers it pertinent this banking innovation (long term loans) as, he added, it will enable to continue the strengthening of processing of locally made milk, an activity that started with "Waku" project.