SMEs in Mozambique to have more funds available from 2016

24 September 2015

Small and medium-sized enterprises (SMEs) in Mozambique will have over 572 million meticais (US$13.2 million) available to fund their activities, said the Director General of the Office for Accelerated Development Zones (Gazeda).

Danilo Nalá, cited by Mozambican newspaper Notícias, said that a considerable part of the money available from 2016 comes from a fund for SMEs operating in the regions covered by the Zambezi Valley initiative and the Nacala Corridor, and the remaining portion, estimated at 44 million meticais, would be granted by the Office for Support to Small Investors (GAPI).

This information was provided by the Director-General of Gazeda at the Nampula Investor Conference, which recently brought together over 300 government representatives, Mozambican and foreign businesspeople, academics and politicians, among others . (macauhub/MZ)