1 September 2014

Angola: Hotel and Tourism Join "Angola Investe" Programme

Luanda — The sector of Hotel and Tourism is joining as from Monday the "Angola Investe" Programme, under the initiative of the Angolan Government to support investment in productive activity sectors.

The incumbent minister, Pedro Mutindi, announced this during a meeting intended to clarifying on the integration of the sector in the programme launched two years ago.

Mutindi said that the long-awaiting programme depended on a fund to boost tourism and ensure the better positioning of the Angolan business class linked to the Tourism and Hotel.

With this measure, the minister continued, the sector operators may choose to use these funds to enhance the areas of Hotel and Tourism in the field of infrastructure.

The Entrepreneurs of the Hotel and Tourism sector should have access to the financing of "Angola Investe" similar to the entrepreneurs in other sectors.

Meanwhile, the minister spoke of the need for the entrepreneurs to submit a business plan.

This included the feasibility study, in addition to get registered at the National Institute of Support to Micro, Small and Medium Enterprises (INAPEM) for their classification.

After 30 days of entry of the project, if there is no response, the entrepreneur can complain to the Ministry of Economy or INAPEM.

This programme provides for the allocation of maximum funding of 20 million kwanza (for micro enterprises), 150 million kwanza (small businesses) and 500 million kwanza (medium companies).

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