18 May 2014

Angola: Akz 45 Billion Invested in "Angola Investe" Programme

Benguela — The Executive Director of the National Institute of Small and Medium Companies (INAPEM), Samora Quitumba, stressed on Friday in the central Benguela province that projects amounted at 45 billion kwanzas were financed as part of ?Angola Investe? Programme.

Samora Quitumba said so during a seminar on "entrepreneurship, micro-finance and "Angola Investe" Programme", at the the fourth edition of Benguela International Fair (FIB), happening on 14-18 May in that city.

He said that besides this investment, INAPEM trained 250 entrepreneurs.

The administrator stated that in the country, the banking sector has already approved until 2013, as part of "Angola Investe" Programme, 242 projects amounted at 45 billion kwanzas made available by retail banks.

As part of this programme, the source informed that the provinces with most projects are Luanda with 105 projects, followed by Benguela (28), Huíla (17) and Bengo (14).

Samora Quitumba highlighted that with the 28 already approved projects, Benguela will benefit from six billion kwanzas, of which 2.7 billion kwanzas have already be availed.

The seminar was promoted by INAPEM and counted on the participation of exhibitors of FIB.

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