Food Life wants to close 2022 with turnover of $10 million
In its second year of existence, this Angolan start-up in the food sector expects to post turnover of $ 10 million by the end of 2022.
Food Life, an Angolan food distribution company that is taking part in the Luanda International Fair-FILDA for the second year in a row, expects to reach turnover of $ 10 million by the end of the year.
The company made its debut in the food market in 2021 with its own brand, which it took as an innovation to FILDA that year. This year, the company presented at the International Fair a new 5KG package, after having presented at last year’s edition the 1KG and 25KG packages, respectively of rice and beans.
Speaking to journalists, the CEO of Food Life, Isaac Cangundo, considered the economic year 2022, as “positive”, this “despite the war between Russia and Ukraine having a considerable impact on the world food sector”.
The businessman also said that the company had a well-defined strategic plan, which would allow it to grow in a robust and sustainable way, as a result of a qualified management team, well-trained technicians and a governance system with international standards.
The food market in Angola, “is heated, competitive and constantly changing. Only competitive companies can survive and operate successfully,” Mr Cangundo noted.
According to Food Life’s managing director, the company could establish itself as a reference Small and Medium Enterprise in the Angolan food sector.
The company, he announced, may during the current year open in Luanda its first factory for processing rice and beans produced in the country.
“I am personally involved in the project to process our grains with the aim of adding value and giving them the quality desired by consumers,” he noted, noting that the company’s initiative was in line with government plans and that it would achieve “high quality results”.