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Political risk insurance from the Overseas Private Investment Corporation (Opic) has enabled a US business to rehabilitate a flour mill in Angola , more than tripling its production capacity and thereby helping that country address a scarcity of domestically-produced food.

Opic will provide US$6mn in insurance to Seaboard Overseas Ltd, a subsidiary of Seaboard Corporation of Shawnee Mission, Kansas, for the rehabilitation and operation of a flour mill formerly known as Moagem Herois De Kangamba, located in Viana, nine miles east of the capital of Luanda. The mill will produce and market wheat flour and wheat bran for animal feed at a rate of 200 metric tons per day (MTD), compared to its 1999 capacity of 65 MTD.

The project should help to alleviate scarcity in the Angolan domestic wheat flour market, making bread in particular more affordable to Angolans.