Angola Investe Programme pays out US$460 million

20 May 2014

Projects worth 45 billion kwanzas (US$460 million) have so far received funding from the Angola Investe programme, the director of the National Institute of Small and Medium-sized Companies (Inapem) said recently in Benguela.

During a seminar on “founding companies, micro-finance and the Angola Investe programme,” at the 4th edition of the Benguela International Fair, held from 14 to 18 May, Samora Quitumba said that, as well as the aforementioned investment, Inapem had trained 250 entrepreneurs.

“The projects approved so far have focused on Luanda province, which accounted for 105 projects, followed by Benguela, with 28, Huíla with 17 and Bengo with 14,” said Quitumba cited by Angolan news agency Angop.

The Inapem director said that Benguela, with 28 approved projects, would benefit from investment of 6 billion kwanzas, of which 2.7 billion had already been paid out.

The Angola Investe programme, which was created in mid 2012 is intended to support small and medium-sized companies to invest in sectors such as agriculture, livestock, fishing, construction materials, support services, manufacturing, energy and mining. (macauhub/AO)