Ver Angola


PR encourages entrepreneurs in the agriculture and industry sectors to join the Deutsche Bank credit line

João Lourenço left an incentive, this Friday, to national entrepreneurs in the agriculture, livestock, agro-industry, fishing, manufacturing and mining sectors to join the Deutsche Bank credit line.


The country cannot continue to waste the resources that are at its disposal, especially at a time when the objective is to invert the organization of the economy and to reduce the presence of the State in this field, stressed João Lourenço, who was speaking at the ordinary meeting of the Council Social Economic.

The head of state, quoted by Angop, also took the opportunity to warn that if businessmen are not interested in accessing this line, the country may no longer benefit from its advantages.

The German bank's credit line, which has a general value of one billion euros, aims to provide financing for projects linked to the agriculture, livestock, agro-industry, fisheries, manufacturing and mining sectors.

It is, therefore, a resource for granting import or export credit, as part of an agreement signed between the Development Bank of Angola (BDA) and Deutsche Bank.

In addition, this line also aims to help Angola's private sector in importing goods or products needed to execute investment initiatives.

The availability of foreign currency for importation as well as the reimbursement of the credit amount in kwanzas and without exchange rate changes are some of the advantages that this line offers to national entrepreneurs.


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