Industrial development must be directed at self-reliance: minister
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How Automation Enables Viable Reshoring
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Angola approves funds for 673 productive projects
Angola approves funds for 673 productive projects
Luanda, Jan 26 (Prensa Latina) Angola approved credits for 673 productive projects, under the current government program to diversify the national economy and encourage exports, an official source said on Tuesday.
During a virtual press briefing, Secretary of State for the Economy Mario Caetano Joao stated that the Production Support, Export Diversification and Import Substitution Program (PRODESI) will benefit some 500 projects in 2021.
PRODESI promised bank loans for 661 initiatives in 2020 and last week, it included 11 new proposals, mainly aimed at promoting agriculture, trade and distribution of goods and the processing industry, the minister of Economy and Planning (MEP) said.
Over 2,000 Angolan producers to have access to microcredits
Over 2,000 Angolan producers to have access to microcredits
Luanda, Jan 13 (Prensa Latina) The Angolan Ministry of Economy and Planning (MEP) informed on Wednesday that more than 2,000 small and medium-size national producers will have access to microcredits during the first half of 2021.
Secretary of State for the Economy Mario Caetano Joao said that the aim is to support 2,300 entrepreneurs in the first half of 2021, for which financing is guaranteed.
According to the official, the aid to micro, small and medium-size businesses will include training and job qualification offers, as well as the registration of producers of goods and services as part of the reconversion of the informal sector.