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Tue, 15 Oct 2019 11:02 - Updated Tue, 15 Oct 2019 11:02

BFA with 30 billion kwanzas available to assist production projects

Saurimo - Angolan Banco de Fomento (BFA) bank has available 30 billion Kwanzas to assist the Programme for the Support of Production, Diversification of Exports and Replacement of Imports (PRODESI).

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Lunda Sul: BFA bank with Akz 30 billion to assist production projects

Photo: Pedro Moniz Vidal

The bank disclosed the information on Monday in eastern Lunda Sul Province during the presentation of PRODESI by local commercial banks, while Bank BIC on its turn has available 4.9 billion kwanzas to support the same project.

Local businesspeople and economic agents have learnt about the amount available by commercial banks and conditions for Credit Support Project (PAC) and PRODESI eligibility.

Approved in March this year by the Cabinet Council, PAC is an instrument aimed to facilitate access to credit for producers of 54 products of the Staple Diet Parcel.

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