Sinohydro Group of China will invest more than $100 million in Angola to develop a 25-year, tax-free 30,000 hectare land concession to produce soybeans for export.Bloomberg | 25 July 2025China deepens Angola dood-supply ties with second deal in a week
By Candido Mendes
Sinohydro Group of China will invest more than $100 million in Angola to develop new sources of grain imports — the second agriculture-related deal agreed between the two countries this week.
Angola granted Sinohydro a 25-year, tax-free land concession to develop 30,000 hectares across six eastern provinces in an agreement signed late Thursday in Luanda, the capital. Four days ago, a unit of Chinese state-owned conglomerate Citic Ltd. announced it will spend $250 million developing large-scale soybean and corn farms in Angola.
Sinohydro, active in Angola for more than two decades, will build logistics infrastructure and agriculture-support facilities using equipment already in the country to speed up deployment, Managing Director Li Xunfeng said.
“Angola has vast land but lacks basic infrastructure,” Li said on the sidelines of the signing. “This is the right time to invest — the environment here is better than in many African countries.”
The investments support an Angolan government initiative to revive large-scale farming and reduce the nation’s dependence on food imports. About 60% of production from the concession will be exported to China, with a focus on soybeans, with the rest for domestic consumption, Angolan Agriculture Minister Isaac dos Anjos told reporters at the signing ceremony.
The land will be subdivided into 500- to 1,000-hectare plots to support both commercial operators and community farmers. Sinohydro will also build a seed-research and testing center to boost productivity and draw more Chinese agribusinesses to Angola.
Angola expects to sign additional agreements with Chinese companies as interest in the sector grows. “We’ve received several proposals already, and I’m certain we’ll conclude more deals with Chinese companies,” Dos Anjos said.
Sinohydro expects the project to encourage further Chinese investment, with the firm preparing land and infrastructure to support future agribusiness projects, Dos Anjos said.
