Ver Angola

Economy

Commitment to economic diversification finances 500 new projects in 2022

Secretary of State for the Economy, Dalva Ringote, revealed that of the 1022 projects that saw the 'green light' last year, at least 500 will start to be financed, from 2022, under the Program to Support Production, Diversification of Exports and Import Substitution (Prodesi).

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Speaking at the briefing by the Ministry of Economy and Planning, Dalva Ringote clarified that the number of projects to be financed - 500 for now - could grow, taking into account the number of approved proposals.

Cited by Angop, the secretary of State added that the program has available 732.3 billion kwanzas in various lines of credit, with a view to guaranteeing the financing of the projects.

According to the official, Prodesi aims to stimulate national production and, for this reason, businessmen should make the most of it.

Dalva Ringote stressed that access to finance will be monitored in order to ensure that financial resources will be allocated to identified projects.

The secretary of State added that there is also the perspective of disbursing a second tranche of approximately two billion kwanzas through the Angolan Risk Capital Asset Fund (FACRA), aimed at small and medium-sized companies, entrepreneurs and micro-credit operators , with the expectation of financing another 1,683 projects, the same as in 2021, benefiting mainly young people and women.

With regard to access to the domestic market, 35,241 registered this year on the National Production Disclosure Portal, below the initial target of 40,000 producers, indicated the government official, adding that the "Made in Angola" brand should be restructured this year " to give greater visibility to national products.

As for the Program for the Conversion of the Informal Economy (PREI), which was launched in the "30" Market in Luanda, and under which more than 41,000 individual companies were registered in 2021, including bench vendors, street vendors and street vendors, the objective is to expand to the remaining provinces in April.

On Wednesday, this program, which aims to increase the formalization of the economy, arrives at the Sanzala market (Viana) and on Thursday it will be launched at the Kikolo market (Cacuaco), both in Luanda.

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