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Wed, 23 Mar 2016 11:39 - Updated Wed, 23 Mar 2016 11:39

Angola Investe programme improves business environment

Luanda - The Ministry of Economy Tuesday in Luanda highlighted the relevant role the Angola Investe programme has to play in improving the business environment and training of local entrepreneurs.

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According to a press release that reached Angop on Tuesday, the Ministry of Economy considers it consensual the good performance of the Angola Investe programme that started in 2013, as it is currently the largest national credit programme.

The note also indicates that in 2015, although it was too restrictive for the real economy sector, the Angola Investe programme represented about 18 percent of the total approved credit and 11 percent of credit disbursed by commercial banks, representing a significant contribution to the diversification of the economy and job creation across the country.

On the other hand, the document reads that there is  urgent need to assess the development of the Angola Investe programme and funding mechanisms, aiming to support the growth of micro, small and medium size enterprises, and thus contribute to boost the economy and diversify the production.

According to the Ministry, the Angola Investe funding mechanism, which includes the participation of 17 domestic financial institutions, currently lists a total of

468 approved financings, reaching Akz 87.7 million (Usd 1.0 is Akz 160), of which Akz 61.1 million have been made available, corresponding to 339 financings.

The Ministry of Economy, as the Angola Investe programme coordinator, reiterates the commitment of the Government to continue working to form an increasingly robust business environment, the source adds.

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