Luanda - The Angola Development Bank (BDA) ruled out more than half of 40 projects that compete for Deutsche Bank's US $ 1 billion credit line, equivalent to 356 billion kwanzas, as they do not meet the necessary conditions.
Luanda - The International Finance Corporation (IFC), which is a World Bank branch, last Friday opened its offices in Luanda, in the ambit of the country’s need to finance the private sector, among other aims.
Huambo - At least 141 billion kwanzas is the amount that commercial banks will make available to the Production Support, Export Diversification and Import Substitution Program (PRODESI), to finance national producers, with the aim of increasing indexes of productivity in the 2019/2020 agricultural season.
Luanda - Seven agriculture industrial projects were approved by the commercial banks through the Credit Support Programme (PAC), whose financing value goes around Akz 8.4 billion.
Luanda - Businesspeople from India, South Korea, the United Arab Emirates and Eritrea are part of foreign investors who are investing funds to open factories in the Luanda / Bengo Special Economic Zone (SEZ).
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.
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.
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.