22 February 2014

Angola: Lack of Preparation Conditions Success of Investe Entrepreneurial Project

The director for studies, planning and finance of the Institute of Support to Micro, Small and Medium Enterprises (INAPEM), Samora Kitumba, said last Friday in Luanda that the lack of appropriate preparation of the main agents involved in the Angola Investe entrepreneurial project delayed the success of this programme in the year 2013.

Speaking to ANGOP, in regard to the result of this programme of the Angolan Executive, designed to be an incentive to national entrepreneurs, the official explained that when the Angola Investe was launched in 2012 most businesspeople did not know much about it, and the banks were not ready for it in operational terms.

Samora Kitumba informed that due to those initial constraints only 204 entrepreneurial projects were approved, which did not meet the expectations of the Executive, which this year intends to boost the results in a considerable way, since the main obstacles have now been overcome.

The source added that the lack of trust from entrepreneurs in the mentioned programme and the poor quality of the majority of the projects that were submitted also played a negative influence.

The source revealed that, in the ambit of the Angola Investe Programme, in 2013 it was approved 201 entrepreneurial projects, whereas in the previous year only three were approved.

The Angola Investe Programme was created with the aim of supporting micro, small and medium enterprises in the productive sector, mainly in areas such as agriculture, cattle-breeding, fisheries, construction material, services in the productive sector, manufacturing industry, energy and waters.

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