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Fri, 06 Sep 2019 18:25 - Updated Fri, 06 Sep 2019 18:26

BDA strengthens oversight of projects funded in Benguela

Luanda - A mission from the Angolan Development Bank (BDA) is in coastal Benguela province to monitor and supervise visits to seven funded projects linked to the industry, agriculture and livestock sectors, according to a bank press release that reached Friday Angop.

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The bank's work mission, led by its chairman, Abraão Gourgel, fits in with the strategy adopted by the BDA to be closer to project promoters to ensure the improvement of their credit quality and recovery of the borrowed amounts to ensure their performance and financial sustainability.

Since Wednesday in Benguela, BAD board members are visiting the salt production and processing projects, a higher education unit and a beef cattle farm.

The working group is holding meetings with representatives of the business class and members of local government to assess the funding opportunities available at the bank, the Deutsche Bank (German bank) credit line, the operationalization of the Credit Support Program ( CAP) and the conditions of access.

Tags Financing  

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