Ver Angola

Economy

Afreximbank will provide 20 million dollars to fund young angolans' projects

The director of the Opaia Group, Adriano Lamas, announced that a credit line in the amount of 20 million dollars will be made available by the African Export and Import Bank (Afreximbank) to support projects of young Angolans who intend to invest in the diversification of the country's economy.

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According to the official, cited by Angop, this funding aims to financially strengthen young people who invest in various sectors of the Angolan economy.

Adriano Lamas explained that in an initial phase, the funds will be used to import raw materials in order to enhance local production.

In a second phase, the funding will be focused on the installation of equipment that enables the production of products in the country, without having to import them.

Speaking after the signing ceremony of the cooperation agreement that starts the negotiations between the Angolan Association of Young Producers (AAJP) and the financier, the official indicated that now follows the process of access to credit, which will be based on hearing the real needs of young people.

The agreement was initialed by the president of AAJP, Gésio Bartolo, and the director of the Opaia Group, Adriano Lamas.

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