ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Wed, 23 Sep 2020 12:04 - Updated Wed, 23 Sep 2020 20:04

Government provides AKz 7 million for micro business

Luanda - At least seven million kwanzas is the amount made available as of Tuesday for each micro-business, as part of the economic relief measures approved in April by the Government, the secretary of state for the economy, Mário Caetano João said today.

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

State Secretary of Economy, Mário Caetano João.

Photo: NELSON MALAMBA

According to the Secretary of State, the material, technical and operational conditions are in place to implement the provision of AKz 4 billion in the line of support for micro-credit, enshrined in Presidential Decree 98/20 and aimed at providing access to credit for formal and informal micro-entrepreneurs in the country.

Speaking at the usual "briefing" on the actions of the Ministry of Economy and Planning (MEP) in the last seven days, Mário Caetano João stressed that the entrepreneurial class will thus be able to access the maximum amount of AKz 7 million, provided that they meet the requirements practiced by the Microcredit companies adhering to the line. 

Last week the Angolan Active Venture Capital Fund (FACRA) transferred two billion kwanzas to microcredit companies and credit cooperatives for that purpose.

According to the secretary of state, the companies include KixiCrédido, Facilcred, Multicrédito, Wiliete Crédito, Nespecred, Gingacred, KifCrédito and the Angolan Forum of Young Entrepreneurs (FAJE) Cooperative.

Eligible areas include agriculture, with an emphasis on the production of cereals, oilseeds, tubers and vegetables.

Also included laying poultry, the purchase of cattle for fattening and slaughter, food processing and production of drinks, logistics and distribution of agri-food and fisheries products, as well as aquaculture.

It also includes the recycling of solid and urban waste, the provision of transport services and professional training, development of software and tourism, art and cultural productio.

Tags Economy  

Read also
  • 23/09/2020 17:22:57

    Government to build 20 bridges in Alto-Zambezi

    Luena - At least twenty metal bridges will be built in the near future in the municipality of Alto-Zambeze, eastern Moxico province, to allow the circulation of people and goods in the region, in the scope of the Integrated Programme of Intervention in Municipalities (PIIM).

  • 23/09/2020 12:57:45

    Audit Court trains AGT staff

    Luanda - A capacity building seminar on the modalities for Audit Court supervision and the filling out of accountability models will take place on 23 and 24 of this month in Luanda.

  • 23/09/2020 06:56:53

    IGAPE signs AKZ 33 billion contracts

    Luanda - The Institute for Management of State Assets and Shareholdings (IGAPE) this Tuesday signed contracts for the award of nine assets for the privatisation of industrial units in the Special Economic Zone (ZEE) and three textile units, worth 33 billion kwanzas.