Ver Angola


Economy Minister and Cabinda governor launch PREI in Angola's northernmost province

The Minister of Economy and Planning, Mário Caetano João, and the provincial governor of Cabinda, Marcos Nhunga, launched this Tuesday the Informal Economy Reconversion Program (PREI).


The act took place at the São Pedro Market and also included the participation of the deputy governor for the Political, Social and Economic Sector, Macário Lembe, and other members of the provincial government.

During the event, Mário Caetano João and Marcos Nhunga handed over cards from bank and street vendors, as well as symbolic checks to the first recipients of micro-credits in the province.

As in other provinces, PREI brings to the province of Cabinda, in an integrated way, civil registration services and issuance of the Identity Card, issuance of counter, street and fair vendor cards, activation of the tax identification number, issuance of registration, registration with the National Institute of Social Security, certification of micro and small companies, training in entrepreneurship and micro-business management, literacy, digital payments by mobile phone, opening bank accounts and access to automatic payment terminals (TPAs), for formalized economic operators.

According to a statement from the Ministry of Economy to which VerAngola had access, the Government expects to formalize, in the next 30 days, around 10,000 informal economic operators. So far, more than 195,000 informal operators have been formalized in the provinces of Lundas Norte and Sul, Moxico, Malanje, Cuanza Norte, Huambo, Bié, Huíla, Cunene, Cuando Cubango and Luanda.

The province thus closes the first cycle of the PREI throughout the national territory and is the second province in the country to count on the reinforcement of microcredit for newly formalized operators, which in addition to the financing of the Angolan Risk Capital Activo Fund (FACRA ), will have access to the Agrarian Development Support Fund (FADA).

PREI will also formalize cereal producers, especially corn, and entrepreneurs in the support chain for the flow of products from the countryside to the markets.

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