23 February 2014

Angola: "Invest Angola" Provides About 60 Billion Kwanzas in Less Than Two Years

A total of 600 million dollars (about 60 billion Kwanza) have been awarded so far to entrepreneurs under the Government programme 'Angola Invests', which aims to support national Small and Medium Enterprises (MSME).

The amount was given by commercial banks involved in the programme and was intended to finance 204 approved business projects, in this context, over nearly 18 months, said the administrator of INAPEM, Samora Kitumba.

According to the administrator for the area of Research, Planning and Finance of the National Institute of Support to Micro, Small and Medium Enterprises (INAPEM), the amount corresponds to the financing of enterprises or projects of various sizes and different sectors.

The official wishes that this year the programme (launched in late 2012) will fund about 500 projects, judging by its solidity, operability of banks and the high level of information that entrepreneurs have amassed over "Angola Invests" and its complexities.

With the creation of Angola Invests Programme, the Government wants to support Small and Medium Enterprises, aimed at investments in sectors of productive activity, with priorities for Agriculture, Livestock, Fisheries, Construction Materials, support services to production sector, manufacturing , Mining and Energy Industries.

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