Business incubator service opens in Luanda

3 May 2007

Luanda, Angola, 3 May – Angolan citizens who plan to set up a business will have to pay just 4,000 kwanzas to a business incubator, which was launched Wednesday in Luanda by the deputy Youth and Sports Minister, Gonçalves Muandumba.

Financed by the World Bank, Chevron, the Ministry of Public Administration, Employment and Social Security and the United Nations Development Program, the incubator has already created 51 jobs and set up 22 people with various business projects.

The Angolan government plans, within a short space of time to expand the sector into several provinces of the country.

After Cabinda and the city of Luanda, the municipal area of Cazenga will be the next to benefit from a similar facility.

The future incubator will have the same characteristics and ability to serve the public in the area and two facilities available for Chevron and UNDP.(macauhub)