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Sat, 28 Jan 2012 10:18 - Updated Sat, 28 Jan 2012 10:17

Revitalisation of Inapem to boost small size companies


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Luanda – The Angolan minister of Economy, Abrahão Gourgel, said Thursday in Luanda that the revitalisation of the National Institute of Support for Small  Companies (Inapem) will be the key to the consolidated growth of Micro, Small and Medium  Companies (Mpme).

The minister was addressing the meeting between the Politburo of the ruling MPLA party and  the national business people.

According to Abrahão Gourgel, a revitalised Inapem will be tasked with implementing business, foment strategies and policies, run funds and budgets and promote the development  of businesses in all sectors of the economy.

He added Inapem will also be responsible for providing guidance for international cooperation linked to the foment of business and technical expertise to the Ministry of Economy for the development of its functions in this field.

The minister underlined that through Inapem and the Business Foment Institute (IFE), the Executive has chosen specific areas of focus to lessen the constraints facing the micro, small and medium size enterprises.

He said a focus will be placed on the difficulties for access to funds, training of human resources, excessive bureaucracy, poor incentive to national production and social difficulties and informality as the main constraints facing the Mpme.

Inapem is an organ under the Ministry of Economy dealing mainly in training business people on the main tools for management, drafting of business plans, feasibility studies and consultancy and providing support for business people starting new projects.

The ruling party’s Politburo meeting with local business people was chaired by the head of State, José Eduardo dos Santos, attended by 450 participants, 300 Angolan business people.