Georges Choucair: The Will of Steel
| IN: New African Markets

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IN: New African Markets


December 19, 2015 
— At the time of going to press, the private investment group, K2L Capital, was gearing for the opening of the Aceria de Angola (ADA), the first mass-producing steel mill in the central and Southern African region. reGina Jane Jere caught up with the company’s Chairman and CEO of K2L, Georges Choucair to find out more about the ambitious project.

Oil, people and diversification
| IN: New African Magazine

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IN: New African Magazine


February 5, 2016 
— With global oil prices at their lowest since 2009, the Angolan economy – 95% dependent on the “black gold” – is, unsurprisingly, in trouble. But one company, the steel maker –  Aceria de Angola (ADA) –  is determined to prove that the future lies in economic diversification. reGina Jane Jere visted ADA’s new steel mill in Bengo province to see how its being done. – See more at: http://newafricanmagazine.com/steelmaker-bets-on-angolan-future/#sthash.jPDzGvEr.dpuf

Can Angola’s New Steel Mill Save Its Economy? As Oil Prices Plunge, Luanda Looks To Diversify
| IN: International Business Times

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IN: International Business Times


January 29, 2016 
— Angola’s first major steel mill aims to transform the quaint fishing and agriculture village of Barra do Dande into a bustling community. Since its official opening last month, the sprawling, privately owned factory is melting scrap metal into steel billets and rolling out rebar and wire rods, with the capacity to one day produce enough steel to meet Angola’s domestic demand.

Turning War Scrap into Steel for Construction in Angola

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​June 19, 2015—What do you do with the remnants of war? In Angola, a MIGA-insured company is turning them into core material for critical infrastructure. The country still has an abundance of scrap metal littered throughout its territory, a legacy of the protracted civil conflict that ended in 2002. Under a new project, Aceria de Angola SA will collect a significant amount of that scrap and recycle it into much-needed steel rebar for the construction industry.

MIGA Supports Manufacturing Investment in Angola

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Luanda; Washington, DC, June 15, 2015 – The Multilateral Investment Guarantee Agency (MIGA)—the political risk insurance and credit enhancement arm of the World Bank Group—announced today it is supporting Aceria de Angola’s construction and operation of a greenfield steel rebar plant in Angola.