According to a statement sent to VerAngola, this financing comprises a 32 million dollars credit line from the African Development Bank and an additional line provided by the Africa Growing Together Fund (AGTF), a co-financing fund. financing sponsored by the People's Bank of China and administered by the AfDB.
Focused on supporting small and medium-sized enterprises, this funding has as main objective to contribute to the diversification of the economy, to stimulate national production, to create jobs, and to contribute to the dynamism of local economies, says the document.
"In order to maintain our commitment to diversifying the economy, something that Angola needs more and more, to strengthen the capacity of Angolan companies and entrepreneurs, so that they keep their production active and thereby generate results for the entire economic chain. ", says the bank's management when describing the financing.
Atlântico adds that this is a project in which the banking institution has committed itself, showing "the work developed by the players in the Angolan banking market and by its regulator with a view to strengthening and increasing the external credibility of its activity".
Now it is up to the entrepreneurs to show interest in the financing and present their projects to the bank, adds the administration.
