Banks financed more than a hundred projects with five billion kwanzas

More than a hundred approved projects, which were waiting for funding, have already been favoured. According to information provided by the national director for the Economy, Competitiveness and Innovation, Joffrana Xavier, in the week from the 6th to the 11th, a disbursement of five billion kwanzas to a total of 123 projects was registered by the Production Support Program, Export Diversification and Import Substitution (Prodesi).

So far, 647 projects have been accepted through the Structured Credit Support Service (PAC), corresponding to funding of around 25 billion kwanzas, of which 123 have already been financed, explained the official, quoted by Jornal de Angola.

Of the more than a hundred projects that have already benefited from funding, the director informed that the capital tops the list, with 56 projects.

Also noteworthy are the provinces of Bengo (13), Benguela (10), Huíla (9), Namibe (7), Bié (5), Cunene (4), Cuanza Sul (4), Huambo (4), Malanje ( 3), Uíge (2) and Cuanza Norte (2), with Cabinda, Lunda Sul, Moxico and Cuando Cubango being the least favored provinces with disbursement (one project each), writes Jornal de Angola.

Still on the 123 projects already financed, the official - who was speaking at the weekly briefing of the Ministry of Economy and Planning, this Tuesday - also made known the area that stands out the most is that of Trade and Distribution Operators (OCD), with 37 projects.

Agriculture (35), Fisheries (14), Manufacturing and Livestock (12), Solid Waste (8) and Tourism (5) also stand out.

Overall, she informed that public investments in support of Prodesi have already seen the 'green light' and 1,715 projects have been financed.

She also mentioned that in the domestic market, 669 future purchase contracts were signed, which exceeds one billion kwanzas, writes Jornal de Angola.