14 December 2012

Angola: BDA Funds Three Privately-Owned Projects

Ondjiva — Three privately-owned agro-farming projects have been approved by the Angola Development Bank (BDA) for funding in southern Cunene province, Angop learned.

The information was released by the chairman of the Chamber of Commerce and Industry in Cunene, Francisco Boleth Sallú.

According to the official, the projects are part of a list of 20 in the sectors of agro-farming, civil construction, services and other economic areas awaiting funding.

Francisco Sallú said the Chamber of Commerce and Industry is negotiating with BDA to have the number of beneficiaries increased as other projects area still being evaluated.

BDA is a public fund institution and stands as a privileged instrument for the promotion of the development of the country's economy in the light of the Government's Economic and Social Development and of the Long Term National Development Strategy.

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