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.
- 30/07/2019 19:14:41
Luanda - Seven projects have already been awarded USD 17 million (six billion kwanzas) this month, funding from the eight banks that joined the Credit Support Program (PAC), said Tuesday in Luanda, the National Director for Economy, Competitiveness and Innovation of the Ministry of Economy and Planning, Marcelino Pinto.
- 17/07/2019 11:01:55
Luanda - Angola’s Finance minister, Archer Mangueira, stressed on Tuesday, the importance of the financing approved by the World Bank for the strengthening of social protection in the country and the ongoing reforms in its subsides system.
- 16/07/2019 19:09:03
Luanda - The World Bank today increased the volume of the project portfolio to Angola to a total of US $ 2.5 billion, after approval by its Board of Directors of a new financial package for the country in the total value of USD 1.32 billion.