US opens up credit line for Angolan businesspeople’s projects

27 July 2012

The United States government ahs provided a credit line of US$120 million to finance projects by Angolan businesspeople this year, the executive director in Angola of the United States-Angola Chamber of Commerce, Pedro Godinho.

During a meeting with businesspeople in Huíla province as part of the visit by the president of the USA-Angola Chamber of Commerce, Jeannine Scott, Godinho also said that the funding could be accessed via four Angolan banks: Banco de Poupança e Crédito (BPC), Espírito Santo Angola (BESA), BIC and Banco Fomento Angola (BFA).

“So that people can have access to the funding they need to be organised and have an investment project, which clearly identifies what they plan to do,” he said.

During its stay in the city of Lubango the Chamber of Commerce delegation visited granite processing factories Emanha and Granisul, mineral water bottling plant Água da Chela and other smaller companies.

The United States-Angola Chamber of Commerce was set up 21 years ago to promote business and trade between the two countries. (macauhub)