24 December 2012

Angola: Bank Funds 'Angola Invest' Project

Luanda — The Angolan Savings and Credit Bank (BPC) has released AKZ 2.0 billion to fund 16 productive projects, under the government programme of supporting micro, small and medium companies dubbed "Angola Invest".

The programme is based on formal financial contracts signed this Monday in Luanda with eight companies, out of the 16 selected ones.

The CEO of BPC, Paixão Junior, who was speaking at the signing ceremony of the contracts, said that BPC has put aside a global amount of AKZ 5.0 billion, divided into two tranches, under the development programme of entrepreneurial activity underway in the country.

The projects are linked to the agriculture, livestock, fisheries, light industry, building materials and trade of firms from the provinces of Luanda, Kwanza Norte, Bengo, Huambo and Uíge.

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